Cadence Design Systems

CDNS

Cadence Design Systems, Inc., headquartered in San Jose, California, in the North San Jose Innovation District, is an American multinational computational software company, founded in 1988 by the merger of SDA Systems and ECAD, Inc. The company produces software, hardware and silicon structures for designing integrated circuits, systems on chips (SoCs) and printed circuit boards.

Cadence Design Systems has been a target of short sellers for a while. The current short interest of 2.11% is roughly at the average of the last 12 months (1.85%).