Looking Into Amphenol's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Amphenol Corporation (NYSE:APH) has seen a decrease in short interest, with the current level at 6.63 million shares or 1.27% of float, down 3.05% since the last report. The average time to cover these short positions is 2.84 days. Short interest is a measure of market sentiment, and a decrease may indicate a more bullish outlook from investors. Amphenol's short interest is below its peer group average of 3.73%.
December 21, 2023 | 3:45 pm
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Amphenol's short interest has decreased, suggesting a more bullish sentiment among investors and potentially less downward pressure on the stock price in the short term.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could reduce selling pressure and potentially lead to a rise in the stock price. However, short interest is just one of many factors that can affect stock prices, and the impact may not be immediate or significant.
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