Peering Into SS&C Techs Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SS&C Technologies Holdings, Inc. (NYSE:SSNC) has seen a 13.33% increase in short interest since its last report, with 1.61 million shares now sold short, representing 0.85% of its available trading shares. This increase in short interest, which now requires approximately 1.6 days for traders to cover, indicates a more bearish market sentiment towards SSNC. However, compared to its peers, SSNC's short interest as a percentage of float is significantly lower, with an average of 4.74% among its peers.
April 25, 2024 | 6:30 pm
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SS&C Technologies Holdings, Inc. (SSNC) has experienced a notable increase in short interest, suggesting a bearish outlook from the market. Despite this, its short interest remains below the peer group average.
The increase in short interest for SSNC indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price in the short term. However, the fact that SSNC's short interest is below its peer group average suggests that the bearish sentiment is not as strong compared to its peers, which might mitigate some of the negative impact. The confidence level is high due to the clear data provided on short interest and its comparison with peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100