How Is The Market Feeling About SPS Commerce?
Portfolio Pulse from Benzinga Insights
SPS Commerce (NYSE:SPSC) has seen a decrease in short interest, with shares sold short falling to 634 thousand, representing 2.36% of available shares. This decrease suggests a more bullish sentiment among investors towards SPSC. Compared to its peers, SPSC has a lower short interest percentage, indicating potentially stronger investor confidence in the company.
April 08, 2024 | 2:00 pm
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SPS Commerce's short interest has decreased, indicating a more bullish market sentiment towards the company.
A decrease in short interest typically suggests that investors are becoming more optimistic about a company's future performance. For SPSC, this decrease could lead to a short-term positive impact on its stock price as it reflects increased investor confidence and potentially less selling pressure.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100