Peering Into Advanced Micro Devices's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices's (NYSE:AMD) short percent of float has risen 14.74% since its last report, with 28.85 million shares sold short, which is 1.79% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, AMD's short interest as a percentage of float is 3.63%, which is less than most of its peers.
September 08, 2023 | 4:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The increase in short interest in AMD's shares indicates a bearish sentiment among investors. However, compared to its peers, AMD's short interest is less, which could be a positive sign.
The rise in short interest indicates that more investors are betting that AMD's stock price will fall. This could put downward pressure on the stock price in the short term. However, the fact that AMD's short interest is less than most of its peers could indicate that the market is less bearish on AMD compared to other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100