How Is The Market Feeling About Applied Mat?
Portfolio Pulse from Benzinga Insights
Applied Materials, Inc. (NYSE:AMAT) has seen a decrease in short interest, with the number of shares sold short falling to 21.69 million, representing 2.62% of available shares. The short percent of float has dropped by 3.68% since the last report, and it would take about 3.68 days for traders to cover their short positions based on current trading volume. While a decrease in short interest can indicate a more bullish sentiment towards the stock, it does not necessarily predict a near-term price rise. Applied Mat's short interest is below its peer group average of 6.63%.
January 26, 2024 | 2:30 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 lower than the peer group average.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price in the short term. However, this is not a guaranteed indicator of stock performance and should be considered alongside other market factors.
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