(VRNS) - Analyzing Varonis Systems's Short Interest
Portfolio Pulse from Benzinga Insights
Varonis Systems (NYSE: VRNS) has seen a 10.39% increase in its short percent of float, now at 9.56%. This is higher than its peers' average of 4.58%. It would take traders 7.43 days to cover their short positions. Increased short interest can indicate bearish sentiment but can also be bullish if the stock price rises.
June 12, 2024 | 6:00 pm
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Varonis Systems has experienced a significant increase in short interest, now at 9.56% of its float. This is higher than the peer group average of 4.58%. It would take 7.43 days to cover the short positions, indicating potential volatility.
The increase in short interest suggests that more investors are betting against the stock, which could indicate bearish sentiment. However, if the stock price rises, it could lead to a short squeeze, making the impact neutral in the short term.
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