(AMGN) - Analyzing Amgen's Short Interest
Portfolio Pulse from Benzinga Insights
Amgen's (NYSE:AMGN) short percent of float has fallen 3.7% since its last report, with 6.95 million shares sold short, which is 1.3% of all regular shares available for trading. It would take traders 2.37 days to cover their short positions on average. The decrease in short interest can signal that investors have become more bullish. Amgen's peer group average for short interest as a percentage of float is 3.98%, which means the company has less short interest than most of its peers.
July 14, 2023 | 4:45 pm
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Amgen's short percent of float has decreased, indicating a more bullish sentiment among investors. The company has less short interest than most of its peers.
A decrease in short interest can signal that investors have become more bullish on a stock. This is because short selling involves betting that a stock's price will fall. Therefore, a decrease in short interest suggests that fewer investors are expecting the stock's price to fall. In addition, Amgen has less short interest than most of its peers, which could be a positive sign.
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