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.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90