How Is The Market Feeling About Synopsys?
Portfolio Pulse from Benzinga Insights
The short percent of float for Synopsys (NYSE:SNPS) has decreased by 5.88% since its last report, with 966 thousand shares currently sold short. This represents 0.64% of all regular shares available for trading. The average time to cover these short positions is 1.61 days. Synopsys's short interest as a percentage of float is lower than its peer group average of 3.48%.
September 06, 2023 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Decrease in short interest suggests that market sentiment towards Synopsys may be becoming more bullish. However, this does not necessarily mean that the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest can signal that investors have become more bullish. However, this does not necessarily mean that the stock price will rise in the near term, as other factors can also influence stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100