Peering Into AMC Enter Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AMC Entertainment Holdings (NYSE:AMC) has seen a 3.51% increase in short interest since its last report, with 24.10 million shares sold short, representing 9.74% of its float. The short interest is higher than the peer group average of 8.28%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. It takes traders approximately 1.35 days to cover their short positions based on current trading volume.
January 26, 2024 | 5:45 pm
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AMC's short interest has increased, indicating a potentially bearish sentiment among investors. However, this does not necessarily mean the stock price will fall in the near term.
While the increase in short interest suggests that investors may be expecting the stock price to decline, the actual impact on the stock price in the short term is uncertain. Short squeezes or other market dynamics could lead to different outcomes.
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