Cadence Design Systems is the quietest name in a peer group that has been anything but quiet this week, with the stock slipping 0.9% over the past seven days while its closest correlated software and EDA names posted a median gain of roughly 3.6%. The divergence is stark at the top of the peer table. SNPS, the most correlated peer at 73%, fell 5.4% on the week…
CDNS put-call ratio hits 1.91, highest in 52 weeks, as options traders bet heavily on downside after 12.7% weekly loss.
Key data as of 8 Nov 2026
Cadence Design Systems triggered a three-signal convergence this week. Analysts lifted price targets en masse after earnings. Shorts covered aggressively. Options sentiment hit its most bullish reading in months. Five…
Short sellers sharply raised bets on Cadence as the EDA software provider prepares to report Monday. The stock has surged 17% in the past month despite mounting bearish pressure. Short interest stood at 7.22 million…
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