(AMSC) - Analyzing American Superconductor's Short Interest
Portfolio Pulse from Benzinga Insights
American Superconductor (NYSE:AMSC) has seen a 10.8% rise in its short percent of float, now at 6.36%. This indicates increased bearish sentiment, although it remains below the peer group average of 11.10%. It would take traders 1.31 days to cover their short positions.
July 17, 2024 | 1:00 pm
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American Superconductor's short interest has risen by 10.8%, now at 6.36% of float. This suggests increased bearish sentiment, but the short interest is still below the peer average of 11.10%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100