Peering Into Varonis Systems's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Varonis Systems (NYSE:VRNS) has seen a decrease in its short interest by 11.27%, with 9.52 million shares sold short, representing 10.87% of its float. This is higher than its peers' average short interest of 3.49%. The decrease in short interest may indicate a shift in market sentiment towards a more bullish outlook.
September 11, 2024 | 8:15 pm
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Varonis Systems has experienced a decrease in short interest by 11.27%, with 9.52 million shares sold short, which is 10.87% of its float. This decrease may suggest a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Varonis Systems, which could indicate a more positive outlook on the stock. This is significant as the short interest is still higher than its peers, but the reduction may lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100