Peering Into Air Products & Chemicals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Air Products & Chemicals's (NYSE:APD) short percent of float has risen 33.8% since its last report, with 2.11 million shares sold short, which is 0.95% of all regular shares available for trading. This does not necessarily mean the stock will fall in the near-term, but indicates increased bearish sentiment. Compared to its peers, APD has less short interest, with the average being 2.42%.
August 07, 2023 | 6:15 pm
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Increased short interest in APD indicates a bearish sentiment among traders. However, compared to its peers, APD has less short interest, which could be a positive sign.
The rise in short interest indicates that more traders are betting on the stock's price to fall, which is a bearish signal. However, the fact that APD's short interest is less than its peers could mean that it is viewed more favorably than similar companies, which could mitigate some of the potential downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100