Peering Into Applied Mat's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Applied Mat's (NYSE:AMAT) short percent of float has risen 26.11% since its last report, with 16.61 million shares sold short, which is 1.98% of all regular shares available for trading. It would take traders 3.12 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.82%.
August 04, 2023 | 9:09 am
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Applied Mat's short interest has risen 26.11% since its last report, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, the fact that Applied Mat's short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it could be.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100