Looking Into Manhattan Associates's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Manhattan Associates (NYSE:MANH) has seen a 9.14% increase in short interest since its last report, with 1.02 million shares sold short, representing 2.15% of its float. This indicates a bearish sentiment among traders, although it's not a definitive predictor of stock movement. Compared to its peers, MANH has a lower short interest percentage of float (3.70%), suggesting less bearish sentiment relative to its peer group.
March 08, 2024 | 3:30 pm
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NEUTRAL IMPACT
The increase in short interest for Manhattan Associates suggests a bearish sentiment among traders, but its lower than peer average indicates less negativity.
The rise in short interest typically indicates a bearish outlook from traders expecting the stock price to fall. However, the fact that MANH's short interest is below its peer group average suggests that the bearish sentiment is not as strong compared to its peers. This mixed signal makes it challenging to predict a clear short-term price direction, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90