Peering Into Ameriprise Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ameriprise Financial's (NYSE:AMP) short interest has decreased by 9.71% since the last report, with 801 thousand shares sold short, representing 0.93% of its float. This decrease in short interest could indicate a more bullish sentiment towards AMP among traders. Compared to its peers, AMP has a lower short interest percentage of float, with an average of 2.57% among its peers.
February 27, 2024 | 8:45 pm
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POSITIVE IMPACT
Ameriprise Financial's short interest has decreased, indicating a potential bullish sentiment among investors. This could lead to a short-term positive impact on AMP's stock price.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock, expecting its price to rise. For Ameriprise Financial, the significant drop in short interest, coupled with its lower short interest compared to peers, suggests a positive sentiment that could lead to a short-term increase in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90