Looking Into Applied Mat's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Applied Materials, Inc. (NYSE:AMAT) has seen a decrease in short interest, now at 1.5% of float, lower than the peer group average of 7.13%. This reduction from 12.45 million shares suggests a more bullish sentiment among investors. The coverage time for short positions based on current trading volume is approximately 2.87 days.
April 16, 2024 | 5:30 pm
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Applied Materials sees a decrease in short interest, indicating a potentially more bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For AMAT, this reduction to 1.5% of the float, significantly below its peer group average, suggests a positive shift in market sentiment. Given the coverage time of 2.87 days, this change is notable but not drastic, pointing to a cautiously optimistic outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100