Peering Into Ameriprise Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ameriprise Financial, Inc.'s (NYSE:AMP) short interest has increased by 16.67% since the last report, with 792 thousand shares sold short, representing 0.91% of its float. It would take about 1.23 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. Compared to its peers, AMP has a lower short interest as a percentage of float, with the peer group average at 3.23%.
November 17, 2023 | 1:15 pm
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NEUTRAL IMPACT
Ameriprise Financial's short interest has risen, indicating potential bearish sentiment among investors. However, its short interest is below the peer group average, which could be less concerning.
The increase in short interest suggests that some investors are bearish on AMP. However, the fact that it's below the peer average and the short interest is a small percentage of the float, combined with the short time to cover, implies that the impact on the stock price may be limited in the short term.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100