How Is The Market Feeling About Ameriprise Finl?
Portfolio Pulse from Benzinga Insights
Ameriprise Finl's (NYSE:AMP) short percent of float has risen 20.31% since its last report, with 685 thousand shares sold short. This is 0.77% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, compared to its peers, Ameriprise has less short interest as a percentage of float, which is 3.04% on average.
August 25, 2023 | 8:00 pm
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Ameriprise Finl's short interest has increased, indicating a bearish sentiment. However, its short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting against Ameriprise Finl, which could put downward pressure on the stock price. However, the fact that its short interest is less than its peers' average could mean that it's not as heavily bet against as other companies in its industry, which could limit the potential downside.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100