Looking Into Synopsys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Synopsys's (NYSE:SNPS) short percent of float has fallen 5.56% since its last report, with 1.03 million shares sold short, which is 0.68% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Synopsys has less short interest as a percentage of float, with an average of 3.20%.
August 16, 2023 | 8:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The decrease in short interest in Synopsys could indicate a more bullish sentiment towards the stock, potentially leading to a positive impact on its price in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock, which could potentially lead to an increase in its price. As Synopsys's short interest has decreased, this could indicate a more bullish sentiment towards the stock, potentially leading to a positive impact on its price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100