Looking Into Ansys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ansys's (NYSE:ANSS) short percent of float has risen 5.34% since its last report, with 936 thousand shares sold short, which is 1.38% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Ansys's peer group average for short interest as a percentage of float is 3.17%, which means the company has less short interest than most of its peers.
August 14, 2023 | 7:00 pm
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Ansys's short interest has increased, indicating a potentially bearish market sentiment. However, compared to its peers, Ansys has less short interest.
An increase in short interest can indicate a bearish sentiment towards a stock, as it represents the number of shares that have been sold with the hope that the price will fall. However, Ansys's short interest is less than its peers, which could mean that the market sentiment towards Ansys is less bearish compared to its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100