Looking Into Applied Mat's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Applied Materials, Inc. (NYSE:AMAT) has seen a 26.73% decrease in short interest, now at 12.31 million shares or 1.48% of float, with a cover time of 1.83 days. This decline in short interest could indicate a more bullish sentiment towards AMAT compared to its peers, where the average short interest as a percentage of float is 6.33%.
March 28, 2024 | 8:30 pm
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Applied Materials, Inc. (NYSE:AMAT) has experienced a significant decrease in short interest, suggesting a potential increase in bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more optimistic about a company's future prospects. For AMAT, this reduction from its previous report suggests that market sentiment is improving, which could lead to a short-term increase in its stock price. Additionally, AMAT's short interest is significantly lower than its peer group average, further highlighting the positive sentiment towards the company.
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IMPORTANCE 75
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