Peering Into Applied Mat's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Applied Mat's (NASDAQ:AMAT) short percent of float has risen 29.55% since its last report, with 14.34 million shares sold short, which is 1.71% of all regular shares available for trading. It would take traders 2.4 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.80%.
June 28, 2023 | 7:45 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Mat's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
The increase in short interest indicates that traders are expecting the price of Applied Mat's stock to fall. However, the fact that its short interest is less than its peer group average could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100