(AXP) - Analyzing American Express's Short Interest
Portfolio Pulse from Benzinga Insights
American Express's (NYSE:AXP) short percent of float has fallen 4.31% since its last report, with 6.47 million shares sold short, which is 1.11% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, American Express has less short interest, with an average of 7.62% for its peer group.
October 16, 2023 | 8:00 pm
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The decrease in short interest in American Express could indicate a more bullish sentiment towards the stock. This, combined with the fact that AXP has less short interest than its peers, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock price. Additionally, having less short interest than its peers could make AXP more attractive to investors.
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