Looking Into Manhattan Associates's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Manhattan Associates (NYSE:MANH) has seen a 16.11% increase in its short percent of float, now at 2.45%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 3.83%.
June 12, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Manhattan Associates has experienced a 16.11% increase in short interest, now at 2.45% of its float. This suggests a rise in bearish sentiment, although it remains below the peer group average of 3.83%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100