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 act as an indicator of market sentiment towards a stock. However, compared to its peers, AMD has less short interest as a percentage of float, which is 3.64% on average.
October 20, 2023 | 5:15 pm
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The increase in short interest in AMD indicates a bearish market sentiment, which could potentially impact the stock price negatively in the short term.
The rise in short interest indicates that more investors are betting against AMD, which could put downward pressure on the stock price. However, the fact that AMD has less short interest compared to its peers could potentially mitigate this impact.
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