How Is The Market Feeling About Alpha Metallurgical?
Portfolio Pulse from Benzinga Insights
Alpha Metallurgical's (NYSE:AMR) short interest has decreased by 9.03% since the last report, with 1.14 million shares sold short, representing 10.28% of its float. This decrease in short interest could indicate a more bullish sentiment towards AMR among traders. The company's short interest is significantly higher than its peer group average of 3.91%, suggesting more skepticism towards AMR compared to its peers.
February 13, 2024 | 1:30 pm
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Alpha Metallurgical's short interest has decreased, indicating a potential increase in bullish sentiment among traders.
A decrease in short interest typically suggests that traders are less bearish on the stock, potentially leading to an increase in its price in the short term. Given that AMR's short interest is still higher than its peers, this decrease could be particularly significant, indicating a shift in market sentiment. However, the impact on the stock price will also depend on broader market conditions and company performance.
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