Shares of PSI Software SE (OTCMKTS:PSSWF) experienced a notable decline in short interest as of December 15, 2023. The total short interest dropped to 11,500 shares, marking a decrease of 24.5% compared to the previous month’s total of 15,227 shares recorded on November 30, 2023.
This reduction indicates a shift in market sentiment, with fewer investors betting against the company. The current days-to-cover ratio stands at 4.3 days, calculated based on an average daily trading volume of 2,675 shares. This metric provides insight into how long it would take short-sellers to cover their positions if the stock price were to rise.
Current Stock Performance
During mid-day trading on Tuesday, PSI Software’s stock price remained stable at $32.50. Over the past year, the stock has seen a low of $21.32 and has reached a high of $32.50. The fifty-day and two-hundred-day simple moving averages both align at $32.50, reflecting a period of consistency in performance.
Investors and analysts are closely monitoring these developments as they could signal shifting trends in investor confidence and market dynamics. The decrease in short interest might suggest that traders have become more optimistic about PSI Software’s future prospects.
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