How Is The Market Feeling About Amgen?
Portfolio Pulse from Benzinga Insights
Amgen's (NYSE:AMGN) short percent of float has risen 8.2% since its last report, with 7.03 million shares sold short, which is 1.32% 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, Amgen has less short interest as a percentage of float (3.82%).
September 08, 2023 | 2:30 pm
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The increase in short interest in Amgen's shares indicates a bearish sentiment among investors. However, compared to its peers, Amgen has less short interest, which could be a positive sign.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, expecting the stock price to fall. However, Amgen's short interest as a percentage of float is less than its peers, which could indicate less bearish sentiment compared to other similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100