(ANSS) - Analyzing Ansys's Short Interest
Portfolio Pulse from Benzinga Insights
Ansys (NYSE:ANSS) has seen a 4.57% increase in its short percent of float since the last report, with 1.25 million shares sold short, representing 1.83% of available shares. It would take about 2.88 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards ANSS, although it has less short interest compared to its peers, with an average of 4.18% in the peer group.
April 05, 2024 | 3:00 pm
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Ansys's short interest has increased, indicating a potentially bearish sentiment among investors. However, it's less than its peers, suggesting relative strength.
The increase in short interest suggests that investors might be expecting the price of ANSS to fall, which could lead to a negative short-term impact on the stock price. However, being below the peer average indicates relative strength or less negative sentiment compared to its peers, which might mitigate some of the negative impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100