(AMAT) - Analyzing Applied Mat's Short Interest
Portfolio Pulse from Benzinga Insights
Applied Materials (NYSE:AMAT) has seen a 4.7% increase in its short interest, now at 1.56% of its float. This is lower than the peer group average of 5.55%. Short interest can indicate market sentiment, with higher short interest suggesting bearish views.
September 11, 2024 | 1:30 pm
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Applied Materials' short interest has increased by 4.7%, reaching 1.56% of its float, which is below the peer average of 5.55%. This rise in short interest could indicate a bearish sentiment among investors.
The increase in short interest suggests that more investors are betting against AMAT, which could indicate a bearish sentiment. However, its short interest is still below the peer average, which might mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100