Peering Into Ameriprise Finl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ameriprise Financial's (NYSE:AMP) short interest has increased by 16.67% since the last report, with 970,000 shares sold short, representing 1.12% of its float. It would take approximately 1.95 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards AMP, although it has less short interest compared to its peer group average of 2.77%. This information suggests investors are showing increased bearishness but AMP is still below the peer average.
April 01, 2024 | 1:45 pm
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Ameriprise Financial's short interest has increased, indicating a bearish sentiment among investors. However, it remains below the peer average.
The increase in short interest suggests that investors are becoming more bearish on Ameriprise Financial, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average in short interest might mitigate some negative impact, indicating that while bearishness has increased, it is not as pronounced when compared to its peers.
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