Peering Into Synopsys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Synopsys (NYSE:SNPS) has experienced an 8.73% increase in short interest since its last report, with 2.08 million shares sold short, representing 1.37% of its float. It would take about 2.4 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Synopsys has less short interest compared to its peer group average of 3.34%. The rise in short interest doesn't necessarily predict a stock price fall.
December 19, 2023 | 1:00 pm
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Synopsys has seen an 8.73% rise in short interest, but it remains below the peer average. This could indicate bearish sentiment but doesn't necessarily predict a decline in stock price.
While the increase in short interest suggests that some investors are expecting the price of Synopsys to fall, the fact that it is still below the peer average means the sentiment is not overwhelmingly negative. The short interest level also does not guarantee a price movement, as it is just one of many factors that can affect stock prices.
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