How Is The Market Feeling About American Express?
Portfolio Pulse from Benzinga Insights
American Express's (NYSE:AXP) short percent of float has fallen 4.31% since its last report, indicating a more bullish sentiment towards the stock. The company has 6.47 million shares sold short, which is 1.11% of all regular shares available for trading. Compared to its peers, American Express has less short interest, with the peer group average at 7.62%.
September 28, 2023 | 5:00 pm
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The decrease in short interest in American Express indicates a more bullish sentiment towards the stock, which could potentially lead to a rise in its price.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to a rise in the stock's price.
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