Peering Into American Tower's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Tower (NYSE:AMT) has seen a decrease in short interest, with 5.27 million shares sold short, representing 1.31% of its float. This marks a 7.09% decline since the last report. The current short interest is below the peer group average of 3.99%, indicating less bearish sentiment compared to its peers. Short interest is a key indicator of market sentiment, and a decrease suggests investors are becoming more bullish on AMT.
February 22, 2024 | 1:00 pm
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American Tower's short interest has decreased to 5.27 million shares, or 1.31% of its float, indicating a potential shift towards a more bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. For American Tower, the decline in short interest to 1.31% of its float, which is below the peer group average, suggests a more bullish sentiment compared to its peers. This could lead to positive short-term price movement as the market reacts to the reduced bearish sentiment.
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