Looking Into Bentley Systems's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Bentley Systems (NYSE:BSY) has seen a 13.39% increase in its short percent of float since the last report, with 8.44 million shares sold short, representing 6.18% of its available trading shares. This indicates a bearish market sentiment towards BSY, although it's not a definitive predictor of a price drop. Compared to its peers, BSY has a higher short interest, suggesting more bearish sentiment than average in its sector.
March 29, 2024 | 1:00 pm
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Bentley Systems's short interest has increased, indicating a bearish sentiment among investors. This could lead to increased volatility in the short term.
The increase in short interest for Bentley Systems suggests that more traders are betting against the stock, expecting its price to fall. This bearish sentiment can lead to increased volatility in the stock price in the short term, especially given the higher short interest compared to its peers. However, it's important to note that short interest alone is not a definitive predictor of a price drop, but it does indicate market sentiment.
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