Looking Into Varonis Systems's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Varonis Systems (NYSE:VRNS) has seen a 3.44% decrease in its short percent of float, now at 9.81%. This is higher than its peers' average of 4.50%. It would take traders 7.74 days to cover their short positions.
October 18, 2024 | 7:00 pm
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Varonis Systems has experienced a decrease in short interest, now at 9.81% of float, which is higher than its peers' average. This could indicate a shift in market sentiment.
The decrease in short interest suggests a potential shift towards a more bullish sentiment among investors. Although the short interest is still higher than peers, the reduction could lead to upward pressure on the stock price if sentiment continues to improve.
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