How Is The Market Feeling About Ameriprise Finl?
Portfolio Pulse from Benzinga Insights
Ameriprise Financial, Inc. (NYSE:AMP) has seen a 31.87% increase in short interest since its last report, with 1.04 million shares sold short, representing 1.2% of its float. It would take about 2.21 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Compared to its peers, AMP has less short interest, with the peer group average at 3.14% of float.
December 04, 2023 | 4:45 pm
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Ameriprise Financial's short interest has increased, which may suggest bearish sentiment among investors. However, the level of short interest is still below the peer group average, indicating a less negative outlook compared to its peers.
The rise in short interest for AMP indicates that some investors are expecting the stock price to decline. However, since the short interest is below the peer average, it does not necessarily signal a strong bearish consensus. The short-term impact on the stock price is uncertain, as short interest is just one of many factors that can affect stock prices.
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