Looking Into American Express's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Express (NYSE:AXP) has seen a 5.39% decrease in its short percent of float, now at 1.58%. This is lower than its peers' average of 6.99%. The decline in short interest suggests a more bullish sentiment towards AXP.
October 22, 2024 | 8:00 pm
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American Express has experienced a 5.39% decrease in short interest, now at 1.58% of float, which is below the peer average of 6.99%. This suggests a more bullish sentiment towards the stock.
The decrease in short interest for American Express suggests that investors are less bearish on the stock compared to its peers, which could lead to a positive short-term price movement.
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