How Is The Market Feeling About American Express?
Portfolio Pulse from Benzinga Insights
American Express's (NYSE:AXP) short percent of float has risen 3.67% since its last report, with 6.51 million shares sold short, which is 1.13% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, American Express has less short interest as a percentage of float, with an average of 8.22%.
November 07, 2023 | 3:15 pm
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The increase in short interest in American Express indicates a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The rise in short interest indicates that more investors are betting against American Express, which could put downward pressure on the stock price in the short term. However, the fact that American Express has less short interest compared to its peers could indicate that it is in a relatively stronger position.
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