(AXP) - Analyzing American Express's Short Interest
Portfolio Pulse from Benzinga Insights
American Express (NYSE:AXP) has seen a decrease in short interest, with the short percent of float dropping 4.42% since the last report. The company has 6.24 million shares sold short, representing 1.08% of available shares, with a cover time of 1.57 days. This decline in short interest may indicate a more bullish sentiment among investors, although it doesn't necessarily predict a near-term price rise. American Express has a lower short interest compared to its peer group average of 8.81%.
November 24, 2023 | 3:45 pm
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American Express's short interest has decreased, which could suggest a more bullish sentiment among investors. However, this does not guarantee an immediate increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a potential increase in price as short sellers cover their positions. However, the impact on the stock price is not immediate and can be influenced by broader market conditions and company performance.
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