(AMP) - Analyzing Ameriprise Finl's Short Interest
Portfolio Pulse from Benzinga Insights
Ameriprise Financial's (NYSE:AMP) short percent of float has risen 20.31% since its last report, with 685 thousand shares sold short, which is 0.77% of all regular shares available for trading. It would take traders 1.8 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Ameriprise's short interest as a percentage of float is less than its peer group average of 3.12%.
September 11, 2023 | 5:00 pm
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Ameriprise Financial's short percent of float has increased, indicating a bearish sentiment among investors. However, its short interest is less than its peer group average.
The increase in short interest indicates that more investors are betting that the price of Ameriprise Financial's stock will fall. However, the fact that its short interest is less than its peer group average could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100