(AXP) - Analyzing American Express's Short Interest
Portfolio Pulse from Benzinga Insights
American Express (NYSE:AXP) has seen a 10.56% increase in short interest since its last report, with 8.99 million shares sold short, representing 1.57% of its float. This indicates a bearish sentiment among traders, although it's below the peer group average of 5.66%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearish sentiment.
March 15, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
American Express's short interest has increased, indicating a bearish market sentiment. However, it remains below the peer average.
The increase in short interest suggests that traders are betting against American Express, which could lead to downward pressure on the stock price in the short term. However, since the short interest is below the peer group average, this might not be as significant a bearish indicator as it could be for other stocks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90