How Is The Market Feeling About Amphenol?
Portfolio Pulse from Benzinga Insights
Amphenol (NYSE:APH) has seen a rise in short interest, with 6.90 million shares sold short, representing 1.33% of available shares. The short percent of float increased by 4.72% since the last report. It would take about 1.81 days to cover all short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Amphenol has less short interest compared to its peer group average of 3.80%.
January 08, 2024 | 2:15 pm
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NEUTRAL IMPACT
Amphenol's short interest has increased, which may indicate bearish sentiment among investors. However, with short interest below the peer average, the impact may be limited.
The rise in short interest for Amphenol suggests that some investors are expecting the price to fall, which could lead to increased selling pressure. However, since the short interest is below the peer group average, it may not be a strong bearish signal. The short-term impact on the stock price is uncertain, hence a neutral score is given.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80