Peering Into AMETEK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AMETEK's (NYSE:AME) short percent of float has risen 7.95% since its last report, with 1.95 million shares sold short, which is 0.95% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, AMETEK has less short interest as a percentage of float, with an average of 11.82%.
August 08, 2023 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The increase in short interest in AMETEK could indicate a bearish sentiment among investors. However, compared to its peers, AMETEK's short interest is lower.
The rise in short interest indicates that more investors are betting against AMETEK, which could put downward pressure on the stock price in the short term. However, the fact that AMETEK's short interest is lower than its peers could mean that it is less likely to be affected by a potential short squeeze.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100