(CDNS) - Analyzing Cadence Design Sys's Short Interest
Portfolio Pulse from Benzinga Insights
Cadence Design Systems (NYSE:CDNS) has seen a decrease in its short interest by 11.54%, with 2.81 million shares sold short, representing 1.15% of its float. This is lower than the peer group average of 2.70%. The decrease in short interest may indicate a more bullish sentiment among investors.
August 20, 2024 | 7:45 pm
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Cadence Design Systems has experienced a decrease in short interest, which may suggest a shift towards a more bullish sentiment among investors. The current short interest is 1.15% of the float, lower than the peer average of 2.70%.
The decrease in short interest by 11.54% suggests that fewer investors are betting against Cadence Design Systems, which can be interpreted as a positive signal for the stock. The short interest is also below the peer average, further indicating a potentially bullish outlook.
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