Peering Into Air Products & Chemicals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Air Products & Chemicals (NYSE:APD) has seen a decrease in short interest, with the short percent of float dropping 5.33% since the last report. The company has 1.57 million shares sold short, representing 0.71% of available shares. The average time to cover these short positions is 2.35 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. APD has less short interest compared to its peer group average of 2.67%.
November 17, 2023 | 5:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Air Products & Chemicals's short interest has decreased, which may indicate a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a decrease in selling pressure and potentially result in a short-term increase in the stock price. However, short interest is just one of many factors that can affect stock prices.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80