Looking Into American Express's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Express's (NYSE:AXP) short percent of float has fallen 4.31% since its last report, with 6.49 million shares sold short, which is 1.11% of all regular shares available for trading. It would take traders 2.94 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 8.64%.
August 04, 2023 | 11:43 am
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The decrease in short interest in American Express indicates a less bearish market sentiment towards the company's stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish on the stock, potentially leading to an increase in the stock's price in the short term.
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