Peering Into PTC's Recent Short Interest
Portfolio Pulse from Benzinga Insights
PTC's short interest has risen by 31.58% since its last report, with 2.91 million shares sold short, representing 2.75% of its float. This increase in short interest could indicate bearish sentiment among investors. However, PTC's short interest is still below the peer group average of 3.82%.
June 14, 2024 | 4:45 pm
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PTC's short interest has increased by 31.58%, now at 2.75% of its float. This could indicate bearish sentiment among investors, but it's still below the peer group average of 3.82%.
The significant increase in short interest suggests that more investors are betting against PTC, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer group average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100