Peering Into Amkor Tech's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Amkor Tech's (NYSE:AMKR) short interest has increased by 8.96% since the last report, with 3.37 million shares sold short, representing 5.11% of its float. It would take approximately 2.93 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards AMKR, although it has less short interest compared to its peer group average of 7.01%. This information is crucial for investors as it provides insight into market sentiment and potential stock movement.
April 01, 2024 | 1:45 pm
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Amkor Tech's short interest has increased, indicating a bearish sentiment among investors. However, it's lower than its peers' average, suggesting a relatively stronger position.
The increase in short interest for Amkor Tech suggests that investors are becoming more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, the fact that AMKR's short interest is below its peer group average could mitigate some of the negative impact, as it indicates a relatively stronger position compared to its competitors.
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