Peering Into AMC Enter Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AMC Entertainment Holdings (NYSE: AMC) has seen a 3.42% decrease in its short percent of float, now at 14.4% with 51.90 million shares sold short. This is higher than the peer group average of 10.43%. It would take traders 2.69 days to cover their short positions.
August 16, 2024 | 6:45 pm
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AMC Entertainment Holdings has seen a 3.42% decrease in short interest, now at 14.4% of float. This indicates a potential shift in market sentiment, though the short interest remains higher than peers.
The decrease in short interest suggests a potential shift towards a more bullish sentiment among investors. However, the short interest is still relatively high compared to peers, indicating ongoing bearish sentiment. This mixed signal could lead to increased volatility in the short term.
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