Peering Into Amgen's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Amgen's (NYSE:AMGN) short percent of float has fallen 8.96% since its last report, with 6.51 million shares sold short, which is 1.22% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Amgen. Compared to its peers, Amgen has less short interest as a percentage of float, with an average of 3.21%.
August 21, 2023 | 5:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Decrease in short interest could indicate a more bullish sentiment towards Amgen, potentially impacting its stock price positively.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock's price. As such, the reported decrease in Amgen's short interest could potentially have a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100