Looking Into Affiliated Managers Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Affiliated Managers Group (NYSE:AMG) has seen a 7.39% increase in short interest since its last report, with 642 thousand shares sold short, representing 2.18% of its float. It would take about 3.11 days to cover these short positions based on current trading volumes. This rise in short interest could indicate a more bearish market sentiment towards AMG, although it has less short interest compared to its peer group average of 2.58%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are shorting more shares.
February 20, 2024 | 6:00 pm
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Affiliated Managers Group has experienced a 7.39% increase in short interest, now at 2.18% of its float, indicating a bearish sentiment but still below its peer average.
The increase in short interest for AMG suggests that traders are more bearish on the stock, potentially leading to increased selling pressure in the short term. However, being below the peer average indicates that the sentiment is not as bearish as it could be, moderating the potential impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100