Peering Into Ansys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ansys (NYSE:ANSS) has seen a 7.65% decrease in short interest, with 1.15 million shares sold short, representing 1.69% of its float. The average time to cover these short positions is 2.7 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Ansys has less short interest compared to its peer group average of 3.01%.
December 14, 2023 | 3:30 pm
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Ansys's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a decrease in selling pressure and a potential increase in the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate rise in Ansys's stock price.
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