(SNPS) - Analyzing Synopsys's Short Interest
Portfolio Pulse from Benzinga Insights
Synopsys (NYSE:SNPS) has seen a decrease in its short interest by 8.85%, with 2.68 million shares sold short, representing 1.75% of its float. This is lower than the peer group average of 3.09%. The decline in short interest suggests a more bullish sentiment among investors.
October 04, 2024 | 5:45 pm
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Synopsys's short interest has decreased by 8.85%, now at 1.75% of its float, which is below the peer average of 3.09%. This suggests a more bullish sentiment among investors.
The decrease in short interest indicates 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 Synopsys's short interest is below the peer average, suggesting it is viewed more favorably compared to its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100