How Is The Market Feeling About American Superconductor?
Portfolio Pulse from Benzinga Insights
American Superconductor (NYSE:AMSC) has seen a 3.0% increase in its short percent of float, now at 7.2%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 10.27%.
October 07, 2024 | 3:45 pm
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American Superconductor's short interest has increased by 3.0%, reaching 7.2% of its float. This suggests a rise in bearish sentiment, although it remains below the peer average of 10.27%.
The increase in short interest suggests that investors are becoming more bearish on AMSC, which could lead to downward pressure on the stock price. However, since the short interest is still below the peer average, the impact might be moderate.
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