Looking Into Manhattan Associates's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Manhattan Associates (NYSE:MANH) has seen an 8.41% increase in its short percent of float since the last report, with 1.17 million shares sold short, representing 2.45% of its available trading shares. It would take about 3.55 days for traders to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards MANH, although it has less short interest compared to its peer group average of 6.54%. The increase in short interest can sometimes be bullish for a stock.
April 30, 2024 | 3:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Manhattan Associates has experienced an increase in short interest, indicating a bearish market sentiment but still below its peer average.
The increase in short interest suggests a bearish sentiment towards MANH, but the fact that it's below the peer average and the notion that increasing short interest can be bullish provides a mixed outlook. The short-term impact is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90