Looking Into Amgen's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Amgen's (NYSE:AMGN) short percent of float has risen 3.08% since its last report, with 7.18 million shares sold short, which is 1.34% of all regular shares available for trading. It would take traders 3.21 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Amgen's peer group average for short interest as a percentage of float is 3.53%, which means the company has less short interest than most of its peers.
August 04, 2023 | 6:45 pm
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Amgen's short interest has increased, potentially indicating a bearish sentiment among investors. However, its short interest is less than its peer group average.
An increase in short interest often indicates a bearish sentiment among investors, as they are betting that the stock's price will fall. However, Amgen's short interest is less than its peer group average, which could suggest that the bearish sentiment is not as strong as it is for other companies in the same industry.
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IMPORTANCE 75
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