Looking Into Cadence Design Sys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cadence Design Systems (NYSE:CDNS) has seen a 7.3% increase in short interest, with 3.56 million shares sold short, representing 1.47% of its float. This is below the peer group average of 3.26%. Short interest can indicate market sentiment, with rising short interest suggesting bearish sentiment.
September 26, 2024 | 3:15 pm
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Cadence Design Systems has experienced a 7.3% increase in short interest, now at 1.47% of its float, which is below the peer average of 3.26%. This rise in short interest could indicate a bearish sentiment among investors.
The increase in short interest suggests that investors are becoming more bearish on Cadence Design Systems. Although the short interest is below the peer average, the rise could lead to downward pressure on the stock price in the short term.
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