How Is The Market Feeling About American Express?
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. This represents 1.16% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, compared to its peers, American Express has less short interest as a percentage of float, with an average of 7.51%.
September 11, 2023 | 6:00 pm
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Increased short interest in American Express indicates a bearish market sentiment. However, compared to its peers, AXP has less short interest.
The increase in short interest indicates that traders are expecting the price of AXP to fall. This bearish sentiment could put downward pressure on the stock price in the short term. However, the fact that AXP has less short interest compared to its peers could mitigate this effect to some extent.
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IMPORTANCE 75
RELEVANCE 100