Peering Into Amkor Tech's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Amkor Tech's (NYSE:AMKR) short interest has decreased by 8.02% since the last report, with 3.11 million shares sold short, representing 4.7% of its float. This decline in short interest could indicate a more bullish sentiment towards AMKR among traders. The current short interest is below the peer group average of 7.00%, suggesting a relatively positive outlook compared to its peers.
April 25, 2024 | 1:45 pm
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Amkor Tech's short interest has decreased, indicating a potential bullish sentiment shift among traders. With a lower short interest compared to its peers, AMKR might experience short-term positive price movement.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For AMKR, this reduction suggests that the market sentiment is improving, which could lead to a short-term increase in its stock price, especially since it's below the peer group average.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100