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 609 thousand shares sold short, representing 2.28% of its float. This is a decline of 3.39% from its last report, taking an average of 3.86 days for traders to cover short positions. The decrease in short interest may indicate a more bullish sentiment towards SPSC compared to its peers, where the average short interest as a percentage of float is 5.87%.
May 02, 2024 | 8:15 pm
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SPS Commerce has experienced a decrease in short interest, suggesting a potentially more bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more optimistic about a company's future prospects. For SPS Commerce, this reduction in short interest could lead to a positive short-term impact on its stock price as it reflects a more bullish sentiment compared to its peers.
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