How Is The Market Feeling About Bentley Systems?
Portfolio Pulse from Benzinga Insights
Bentley Systems (NYSE:BSY) has seen a decrease in short interest, with 8.19 million shares sold short, representing 6.06% of its float. This is a 7.48% decrease from its last report, requiring 6.66 days on average for traders to cover their short positions. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors. Compared to its peers, BSY has a higher short interest percentage of float, indicating more bearish sentiment relative to its peer group.
February 07, 2024 | 4:15 pm
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Bentley Systems has experienced a decrease in short interest, indicating a potentially more bullish sentiment among investors. With a higher short interest compared to its peers, this suggests unique bearish sentiment but the recent decrease could hint at a changing tide.
The decrease in short interest for Bentley Systems suggests that investors are becoming more optimistic about the company's stock. This could lead to a short-term increase in stock price as the market sentiment shifts. Given the higher than average short interest compared to peers, this decrease is particularly noteworthy and could indicate a stronger bullish sentiment developing.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90