How Is The Market Feeling About Varonis Systems?
Portfolio Pulse from Benzinga Insights
Varonis Systems (NYSE: VRNS) has seen a 12.59% increase in its short percent of float, now at 12.25% of all regular shares available for trading. This indicates a bearish sentiment among investors, as it would take traders 9.82 days to cover their short positions. Varonis Systems' short interest is significantly higher than its peer group average of 5.45%.
August 09, 2024 | 2:00 pm
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Varonis Systems has experienced a 12.59% increase in its short percent of float, now at 12.25%. This suggests a bearish sentiment among investors, as it would take traders 9.82 days to cover their short positions. The company's short interest is significantly higher than its peer group average of 5.45%.
The significant increase in short interest indicates a bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term as more investors bet against the stock.
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