Looking Into Ameriprise Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ameriprise Financial's (NYSE:AMP) short percent of float has fallen 37.06% since its last report, with 809 thousand shares sold short, which is 0.9% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Ameriprise has less short interest as a percentage of float, with an average of 3.16%.
July 04, 2023 | 4:45 pm
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Ameriprise Financial's short interest has decreased, potentially indicating a more bullish sentiment towards the stock.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, Ameriprise's short interest is lower than its peers' average, which could be seen as a positive sign by investors.
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