Looking Into Advanced Micro Devices's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices (AMD) has seen a 7.69% decrease in its short percent of float, now at 2.88%. This is lower than its peers' average of 4.48%. The decrease in short interest may indicate a more bullish sentiment towards AMD.
October 01, 2024 | 5:30 pm
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Advanced Micro Devices (AMD) has experienced a 7.69% decrease in short interest, now at 2.88% of float, which is below the peer average of 4.48%. This suggests a potentially more bullish sentiment towards AMD.
The decrease in short interest suggests that fewer investors are betting against AMD, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that AMD's short interest is below the peer average, indicating a relatively more positive outlook compared to similar companies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100