How Is The Market Feeling About AMETEK?
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 indicate a bearish market sentiment towards AMETEK. However, compared to its peers, AMETEK has less short interest as a percentage of float, with an average of 12.12%.
October 24, 2023 | 8:00 pm
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NEGATIVE IMPACT
The increase in short interest in AMETEK could indicate a bearish sentiment, potentially impacting the stock negatively in the short term. However, its lower short interest compared to peers could be a positive sign.
Short interest is a measure of market sentiment. The increase in short interest in AMETEK indicates that more investors are betting on the stock's price to fall, which could put downward pressure on the stock. However, the fact that AMETEK's short interest is lower than its peers could indicate that it is less likely to experience a significant price drop compared to other similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100