Avid Technology, Inc. ( NASDAQ:AVID – Get Rating ) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 1,490,000 shares, a decrease of 11.3% from the April 30th total of 1,680,000 shares. Based on an average trading volume of 418,600 shares, the short-interest ratio is presently 3.6 days. Approximately 3.7% of the shares of the company are sold short. Institutional Trading of Avid Technology A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVID.

https://www.dailypolitical.com/2023/05/30/avid-technology-inc-nasdaqavid-short-interest-down-11-3-in-may.html

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