Peering Into Varonis Systems's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Varonis Systems (NYSE: VRNS) has seen a 13.08% increase in short interest, with 9.39 million shares sold short, representing 10.81% of its float. This is higher than the peer group average of 4.83%. It would take traders 6.77 days to cover their short positions.
July 02, 2024 | 7:15 pm
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Varonis Systems has experienced a significant increase in short interest, now at 10.81% of its float. This could indicate bearish sentiment among investors, but it also means a potential for a short squeeze if the stock price rises.
The increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price. However, if the stock price rises, it could trigger a short squeeze, leading to increased volatility.
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