Peering Into Advanced Micro Devices's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices (NYSE:AMD) has seen a decrease in short interest, with the short percent of float falling 12.06% to 2.48% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. Compared to its peers, AMD has a lower short interest percentage, suggesting a relatively positive market sentiment towards the company.
February 16, 2024 | 2:30 pm
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Advanced Micro Devices's short interest has decreased, indicating a potential decrease in bearish sentiment among traders and possibly a positive short-term impact on the stock price.
A decrease in short interest typically indicates that fewer traders are betting on the stock's decline, which can be interpreted as a positive change in market sentiment towards the company. This could lead to a short-term increase in the stock price as bearish pressure diminishes.
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