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Amplitude, Inc. Faces Bearish Sentiment and Insider Selling Despite ... - Best Stocks

Amplitude, Inc. (NASDAQ:AMPL) experienced a significant surge in short interest throughout the month of June, indicating growing bearish sentiment among investors. As per the data collected on June 30th, there were a total of 1,570,000 shares being sold short—a notable increase of 31.9% from the June 15th figure of 1,190,000 shares. At present, approximately 2.9% of the company’s stock has been sold short. The days-to-cover ratio is currently at 2.2 days, calculated based on an average trading volume of 724,400 shares.

beststocks.com     Jul 17, 2023