Peering Into Amphenol's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Amphenol Corporation (NYSE:APH) has experienced an 11.34% increase in short interest since its last report, with 5.60 million shares sold short, representing 1.08% of its float. The average time to cover these short positions is 1.79 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Amphenol's short interest is below its peer group average of 3.72%.
November 13, 2023 | 7:30 pm
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NEUTRAL IMPACT
Amphenol's short interest has increased, which may indicate bearish sentiment among traders. However, with short interest below the peer average, it may not significantly impact the stock price in the short term.
While the rise in short interest for APH suggests that some investors are expecting the price to fall, the fact that it is still below the peer group average means the sentiment is not overwhelmingly negative. The short interest level is relatively low, and the short days to cover indicate that any short squeeze is unlikely to be prolonged or dramatic. Therefore, the short-term impact on APH's stock price is likely to be neutral.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 80