(SNPS) - Analyzing Synopsys's Short Interest
Portfolio Pulse from Benzinga Insights
Synopsys (NYSE:SNPS) has seen a 7.43% increase in its short percent of float, now at 1.88% of available shares. This is below the peer group average of 3.25%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 21, 2024 | 4:00 pm
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NEUTRAL IMPACT
Synopsys's short interest has increased by 7.43%, now at 1.88% of float, which is below the peer average of 3.25%. This rise may indicate bearish sentiment, but it doesn't necessarily predict a price decline.
The increase in short interest suggests a potential bearish sentiment among investors, but since the short interest is still below the peer average, it doesn't strongly indicate an imminent price drop. The market sentiment is mixed, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100