The increase in short interest for SS&C Techs Hldgs suggests that traders are becoming more bearish on the stock. However, since the short interest is still below the peer group average, the impact might be moderate rather than severe. The short interest level can act as an indicator of market sentiment, and a higher short interest often implies an expectation of a stock price decline. Nonetheless, the article also hints that increasing short interest can sometimes be bullish, indicating a potential for a short squeeze or a reversal if the market sentiment changes.