How Is The Market Feeling About Synopsys?
Portfolio Pulse from Benzinga Insights
Synopsys's (NYSE:SNPS) short percent of float has risen 10.77% since its last report, with 1.09 million shares sold short, which is 0.72% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Synopsys's peer group average for short interest as a percentage of float is 3.39%, which means the company has less short interest than most of its peers.
July 31, 2023 | 5:00 pm
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The increase in short interest in Synopsys could indicate a bearish sentiment among investors. However, compared to its peers, Synopsys has less short interest, which could be a positive sign.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, which could potentially lead to a decrease in the stock's price. However, Synopsys has less short interest than most of its peers, which could indicate that it is in a better position than other companies in its industry.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100