How Is The Market Feeling About Amphenol?
Portfolio Pulse from Benzinga Insights
Amphenol (NYSE:APH) has seen a 21.3% increase in short interest since its last report, with 6.84 million shares sold short, representing 1.31% of its float. It would take about 2.89 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Amphenol has less short interest compared to its peers' average of 3.69%. The rise in short interest doesn't necessarily predict a stock price drop, but it suggests traders are more bearish on APH.
December 04, 2023 | 6:30 pm
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NEUTRAL IMPACT
Amphenol's short interest has increased, which may indicate bearish sentiment among traders. However, its short interest is still below the peer group average, suggesting less negative sentiment relative to its peers.
The increase in short interest for Amphenol suggests that traders might be expecting the stock price to decline, which could lead to a negative short-term impact on the stock price. However, since the short interest is lower than the peer average, this might mitigate the bearish sentiment to some extent. The impact score is neutral (0) because the article indicates that a rise in short interest does not necessarily mean the stock will fall, and the company's short interest is below the peer average.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80