Looking 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 6.86% since its last report, with 30.06 million shares sold short, which is 1.87% 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 less than its peer group average of 3.64%.
October 03, 2023 | 1:30 pm
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AMD's short interest has increased, indicating a potentially bearish sentiment among investors. However, its short interest is still less than its peer group average.
The increase in short interest indicates that more investors are betting against AMD, which could put downward pressure on the stock price in the short term. However, the fact that AMD's short interest is less than its peer group average suggests that it may be less vulnerable to a short squeeze.
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