Peering Into AMETEK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AMETEK's (NYSE:AME) short percent of float has risen 18.18% since its last report, with 1.86 million shares sold short, which is 0.91% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, AMETEK has less short interest as a percentage of float, which is 10.17% on average.
July 04, 2023 | 2:46 pm
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NEUTRAL IMPACT
The increase in short interest in AMETEK could indicate a bearish sentiment among investors. However, compared to its peers, AMETEK has less short interest, which could be a positive sign.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, while a decrease can signal they have become more bullish. In the case of AMETEK, the increase in short interest could indicate a bearish sentiment among investors. However, when compared to its peers, AMETEK has less short interest, which could be a positive sign.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100