Peering Into AMETEK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AMETEK's (NYSE:AME) short percent of float has risen 28.95% since its last report, with 2.00 million shares sold short, which is 0.98% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, AMETEK has less short interest as a percentage of float, with an average of 12.12%.
October 05, 2023 | 4:30 pm
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AMETEK's short interest has increased, indicating a bearish market sentiment. However, compared to its peers, AMETEK has less short interest, which could be a positive sign.
The increase in short interest indicates that more investors are betting against AMETEK, which could put downward pressure on the stock. However, the fact that AMETEK has less short interest compared to its peers could indicate that it is in a relatively stronger position, potentially limiting the downside risk.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100