Peering Into Applied Mat's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Applied Materials (NYSE:AMAT) has seen a 9.24% increase in its short percent of float, now at 2.01% of available shares. This is below the peer group average of 6.86%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 27, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Applied Materials has experienced a 9.24% increase in short interest, now at 2.01% of its float, which is below the peer average of 6.86%. This rise may suggest bearish sentiment, but it doesn't necessarily predict a price decline.
The increase in short interest suggests a rise in bearish sentiment towards AMAT, but since the short interest is still below the peer average, it doesn't strongly indicate an imminent price drop. The market sentiment is mixed, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100