(PTC) - Analyzing PTC's Short Interest
Portfolio Pulse from Benzinga Insights
PTC Inc. (NYSE:PTC) has seen a 22.14% increase in its short percent of float since the last report, with 1.70 million shares sold short, representing 1.6% of its available trading shares. It would take approximately 1.69 days for traders to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards PTC, although it has less short interest compared to its peer group average of 3.84%. This information suggests investors are showing increased bearishness but PTC is still below the peer average for short interest.
February 29, 2024 | 4:30 pm
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PTC Inc. has experienced a significant increase in short interest, indicating a bearish sentiment among investors, although it remains below its peer group's average.
The increase in short interest for PTC Inc. 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 indicates that the sentiment is not as bearish as it could be, which might limit the downside.
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