(AXP) - Analyzing American Express's Short Interest
Portfolio Pulse from Benzinga Insights
American Express's (NYSE:AXP) short percent of float has risen 10.48% since its last report, with 6.76 million shares sold short, which is 1.16% 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, American Express has less short interest as a percentage of float, with an average of 7.51%.
August 25, 2023 | 2:30 pm
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The increase in short interest in American Express could indicate a bearish sentiment among investors. However, compared to its peers, AXP has a lower short interest, which could be a positive sign.
Short interest is the number of shares sold short but not yet covered. An increase in short interest can indicate a bearish sentiment, meaning investors expect the stock price to fall. However, compared to its peers, AXP's short interest is lower, which could indicate less negative sentiment towards AXP than its peers.
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