Peering Into Amphenol's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Amphenol's (NYSE:APH) short percent of float has risen 8.91% since its last report, with 5.72 million shares sold short, which is 1.1% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Amphenol has less short interest as a percentage of float, which is 3.37% on average.
August 14, 2023 | 8:00 pm
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Amphenol's short interest has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment towards the stock, as traders are betting on the price to fall. However, the fact that Amphenol has less short interest compared to its peers could mean that it is viewed more favorably, which could potentially offset the negative impact of the increased short interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100