Looking Into Synopsys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Synopsys (NYSE:SNPS) has seen a 20.26% increase in its short percent of float since the last report, with 2.80 million shares sold short, representing 1.84% of available shares. It would take about 1.93 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards SNPS, although it has less short interest compared to its peer group average of 3.10%.
February 01, 2024 | 8:45 pm
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Synopsys has experienced a significant increase in short interest, indicating a bearish market sentiment but still remains below its peer average.
The increase in short interest for Synopsys suggests that investors are becoming more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, being below the peer average might mitigate some negative perceptions, indicating that while sentiment is bearish, it may not be as severe compared to its peers. This nuanced view is critical for investors considering the short-term impact on SNPS's stock price.
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IMPORTANCE 75
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