Short interest in Progress Software Corp (NASDAQ:PRGS) increased during the last reporting period, rising from 4.87M to 4.94M. This put 16.72% of the company's publicly available shares short.

Short interest for Progress Software gives investors a sense of the degree to which investors are betting on the decline of Progress Software's stock. Short interest data is updated every two weeks.

Based on the recent average volume of 443.42K shares traded per day, it would take 11.13 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.