How Is The Market Feeling About Air Products & Chemicals?
Portfolio Pulse from Benzinga Insights
Air Products & Chemicals (NYSE:APD) has seen a decrease in its short percent of float by 8.79% since its last report, with 1.83 million shares sold short. This represents 0.83% of all regular shares available for trading. The decrease in short interest could indicate a more bullish sentiment towards the stock. However, this does not necessarily mean the stock will rise in the near term. Compared to its peers, APD has less short interest as a percentage of float, with the average being 3.23%.
July 04, 2023 | 4:46 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Air Products & Chemicals has seen a decrease in short interest, which could indicate a more bullish sentiment towards the stock. However, this does not guarantee a rise in the stock price in the near term.
A decrease in short interest can indicate a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, this does not necessarily mean the stock price will rise in the near term, as other factors can also influence the stock price. Compared to its peers, APD has less short interest, which could be seen as a positive sign. However, it's important to note that this is just one indicator and should be considered alongside other factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100