Peering Into Applied Mat's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Applied Materials, Inc. (NYSE:AMAT) has seen a decrease in short interest, with the short percent of float dropping 6.13% since the last report. The company has 20.42 million shares sold short, representing 2.45% of available shares. The average time to cover these short positions is 2.88 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not necessarily predict a price rise. Applied Materials has a lower short interest compared to its peer group average of 6.69%.
December 18, 2023 | 5:30 pm
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Applied Materials, Inc. (NYSE:AMAT) has experienced a decrease in short interest, which may suggest a more bullish sentiment among investors. The company's short interest is below the peer group average.
The reduction in short interest for Applied Materials suggests that investors may be less bearish on the stock, potentially leading to a short-term increase in its price. However, short interest is just one indicator and does not guarantee a price movement. The confidence in the impact is moderated by the fact that other market factors could influence the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100