(AXP) - Analyzing American Express's Short Interest
Portfolio Pulse from Benzinga Insights
American Express (NYSE:AXP) has seen a decrease in short interest, with the short percent of float dropping 4.17% since the last report. The company has 6.61 million shares sold short, representing 1.15% of available shares for trading. The current short interest suggests it would take about 2.52 days to cover all short positions. While a decrease in short interest can indicate a more bullish sentiment towards the stock, it does not necessarily predict a price rise. American Express's short interest is below its peer group average of 8.00%.
January 19, 2024 | 2:30 pm
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American Express's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this does not guarantee an immediate increase in stock price.
The decrease in short interest for American Express indicates that fewer investors are betting against the stock, which could be taken as a positive sign by the market. However, short interest is just one of many factors that can affect stock prices, and the article does not provide any other specific reasons to expect an immediate price increase. Therefore, while the sentiment may be more bullish, the impact on the stock price in the short term is not certain.
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