How Is The Market Feeling About AMETEK?
Portfolio Pulse from Benzinga Insights
AMETEK's (NYSE:AME) short percent of float has decreased by 3.3% since its last report, with 1.80 million shares sold short, representing 0.88% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards AMETEK. Compared to its peers, AMETEK has less short interest as a percentage of float, with an average of 11.03% for its peer group.
July 20, 2023 | 7:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The decrease in short interest in AMETEK could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often indicates a more bullish sentiment, which could lead to an increase in the stock's price. Given that AMETEK's short interest has decreased and is lower than its peer group average, this could potentially have a positive impact on the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100