(BSY) - Analyzing Bentley Systems's Short Interest
Portfolio Pulse from Benzinga Insights
Bentley Systems (NYSE:BSY) has seen a rise in short interest by 11.77%, with 10.58 million shares sold short, representing 8.45% of its float. This is higher than the peer group average of 3.43%. It would take traders 3.57 days to cover their short positions.
May 24, 2024 | 8:30 pm
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Bentley Systems has experienced an 11.77% increase in short interest, with 10.58 million shares sold short, representing 8.45% of its float. This is significantly higher than its peers' average short interest of 3.43%.
The increase in short interest suggests that more investors are betting against Bentley Systems, which could indicate bearish sentiment. This is further emphasized by the fact that its short interest is significantly higher than its peers.
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