How Is The Market Feeling About Synopsys?
Portfolio Pulse from Benzinga Insights
Synopsys's (NYSE:SNPS) short percent of float has risen 17.53% since its last report, with 1.73 million shares sold short, which is 1.14% of all regular shares available for trading. It would take traders 2.12 days to cover their short positions on average. Synopsys's peer group average for short interest as a percentage of float is 3.41%, which means the company has less short interest than most of its peers.
November 08, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The rise in short interest in Synopsys's stock could indicate a bearish sentiment among investors. However, the company has less short interest than most of its peers, which could be a positive sign.
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, while a decrease can signal they have become more bullish. In the case of Synopsys, the short interest has increased, which could indicate a bearish sentiment. However, the company has less short interest than most of its peers, which could be a positive sign.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100