(SNPS) - Analyzing Synopsys's Short Interest
Portfolio Pulse from Benzinga Insights
Synopsys's (NYSE:SNPS) short percent of float has risen 31.25% since its last report, with 1.60 million shares sold short, which is 1.05% of all regular shares available for trading. It would take traders 1.84 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Synopsys's peer group average for short interest as a percentage of float is 3.33%, which means the company has less short interest than most of its peers.
September 27, 2023 | 5:00 pm
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Increased short interest in Synopsys could indicate a bearish sentiment among investors.
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 on the stock. As the short interest in Synopsys has increased, this could indicate a bearish sentiment among investors, potentially leading to a decrease in the stock's price in the short term.
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IMPORTANCE 75
RELEVANCE 100