How Is The Market Feeling About American Express?
Portfolio Pulse from Benzinga Insights
American Express's (NYSE:AXP) short percent of float has risen 10.09% since its last report, with 7.10 million shares sold short, which is 1.2% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. However, compared to its peers, American Express has less short interest.
July 05, 2023 | 4:01 pm
News sentiment analysis
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NEGATIVE IMPACT
Increased short interest in American Express indicates a bearish market sentiment, which could potentially lead to a decrease in its stock price.
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, which could potentially lead to a decrease in the stock's price. However, it's important to note that American Express has less short interest compared to its peers, which could mitigate some of the potential negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100