(ABC) - Analyzing AmerisourceBergen's Short Interest
Portfolio Pulse from Benzinga Insights
AmerisourceBergen's (NYSE:ABC) short percent of float has fallen 25.33% since its last report, with 3.68 million shares sold short, which is 2.27% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, AmerisourceBergen has less short interest.
July 03, 2023 | 5:46 pm
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A decrease in short interest could indicate a more bullish sentiment towards AmerisourceBergen's stock. However, this does not guarantee a rise in the stock price in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence the stock price, so a decrease in short interest does not guarantee a price increase.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100