Pegasystems Inc's Short Interest Rises 8.7% Amid Market Sentiment Shift

Pegasystems Inc's short interest as a percentage of float has risen 8.7% since its last report, with 6.99 million shares sold short, representing 7.87% of all regular shares available for trading. This increase in short interest may signal that investors have become more bearish, but it does not necessarily mean that the stock will fall in the near term. Pegasystems Inc has less short interest than its peer group average of 9.21%.