Looking Into Advanced Micro Devices's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices's (NYSE:AMD) short percent of float has fallen 15.22% since its last report, with 25.04 million shares sold short, which is 1.56% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, AMD has less short interest as a percentage of float, with an average of 4.47%.
August 18, 2023 | 8:00 pm
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The decrease in short interest for AMD could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock price in the short term.
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, which could potentially lead to an increase in the stock price. As such, the decrease in short interest for AMD could be a positive sign for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100