(SNPS) - Analyzing Synopsys's Short Interest
Portfolio Pulse from Benzinga Insights
Synopsys (NYSE:SNPS) has seen a 15.2% decrease in its short interest, now at 2.12% of its float. This is lower than its peers' average of 2.66%. The decrease in short interest may indicate a more bullish sentiment among investors.
August 23, 2024 | 3:00 pm
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Synopsys's short interest has decreased by 15.2%, now at 2.12% of its float, which is below the peer average of 2.66%. This may suggest a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Synopsys, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that its short interest is below the peer average, indicating a relatively more positive outlook compared to similar companies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100