What does the market think of Atmos Energy? – Atmos Energy (NYSE:ATO)

amos energy corp. Tourism Australia The short float percentage has declined by 10.9% since the last report. The company recently reported that it has 4.43 million shares were sold shortaccounting for 3.27% of all tradable common shares. According to its trading volume, It takes traders an average of 5.35 days to cover short positions.

Why short interest matters

Short interest is the number of shares that have been shorted but have not yet been covered or closed. Short selling is when traders sell shares of a company they don’t own in the hope that the price will fall. If the stock price falls, the trader can make money by selling short, but if the stock price rises, the trader will suffer a loss.

Tracking short interest is important because it can serve as an indicator of market sentiment toward a particular stock. An increase in short interest may indicate that investors are becoming more bearish, while a decrease in short interest may indicate that they are becoming more bullish.

See also: List of most shorted stocks

Atmos Energy Short Interest Chart (3 Months)

As you can see from the chart above, the percentage of Atmos Energy shares sold short has decreased since the last report. This doesn’t mean the stock will rise in the short term, but traders should be aware that the number of shares being shorted is decreasing.

Atmos Energy short interest comparison with peers

Peer comparisons are a common technique used by analysts and investors to measure company performance. A company’s peers are another company with similar characteristics (such as industry, size, age, and financial structure). You can find a company’s peer group by reading a company’s 10-K, agency filings, or conducting your own similarity analysis.

According to Benzinga Pro, Atmos Energy’s peer group average short interest as a % of float is 3.22%, which means the company more Short interest is higher than most peers.

Did you know that increasing short interest can actually bullish For stocks? This article from Benzinga Money explains how to profit from it.

This article was generated by Benzinga’s automated content engine and has been reviewed by an editor.