How Is The Market Feeling About Synopsys?
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. 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 3.33%, which means the company has less short interest than most of its peers.
October 13, 2023 | 3:00 pm
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The increase in short interest in Synopsys could indicate a bearish sentiment among investors. However, the company's short interest is less than its peer group average, which could be a positive sign.
Short interest is a measure of market sentiment towards a particular stock. 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's short interest is less than its peer group average, which could indicate that the stock is performing better than its peers in the eyes of investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100