(AMKR) - Analyzing Amkor Tech's Short Interest
Portfolio Pulse from Benzinga Insights
Amkor Tech's (NYSE:AMKR) short interest has increased by 21.96% since the last report, with 3.45 million shares sold short, representing 5.22% of its float. This indicates a bearish market sentiment towards AMKR, although it has less short interest compared to its peers' average of 6.63%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.
March 01, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Amkor Tech's short interest has significantly increased, indicating a bearish sentiment but still below its peer average.
The increase in short interest suggests that investors are becoming more bearish on AMKR, potentially leading to downward pressure on its stock price in the short term. However, being below the peer average might mitigate some negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90