Looking Into Manhattan Associates's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Manhattan Associates (NYSE:MANH) has seen a 41.72% decrease in short interest, now at 936k shares or 1.97% of float. This reduction could indicate a more bullish sentiment towards MANH. Compared to its peers' average short interest of 3.04%, MANH is below average, suggesting less bearish sentiment among investors towards it.
February 21, 2024 | 4:15 pm
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Manhattan Associates's short interest has significantly decreased, indicating a potential bullish sentiment shift among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For MANH, this significant drop could reduce selling pressure and potentially lead to a price increase in the short term, especially since it's also below its peer average in short interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90