Looking Into Air Products & Chemicals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Air Products & Chemicals (NYSE:APD) has seen a 17.28% increase in short interest since the last report, with 2.11 million shares sold short, representing 0.95% of available shares. The average time to cover these short positions is 1.32 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. APD's short interest is below its peer group average of 2.84%.
January 02, 2024 | 3:15 pm
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NEUTRAL IMPACT
Air Products & Chemicals's short interest has increased, which may suggest bearish sentiment among investors. However, with short interest below the peer average, the impact may be muted.
While the increase in short interest for APD indicates a more bearish sentiment, the fact that it is still below the peer group average suggests that the market does not view APD as negatively as it does some of its peers. This could mean that the increase in short interest might not have a significant short-term impact on the stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 80