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Is American Tower Corp Gaining or Losing Market Support?
American Tower Corp (NYSE: AMT) has seen a 13.7% increase in short interest since its last report, with 6.74 million shares sold short, representing 1.66% of its float. Despite this rise, the company’s short interest is lower than the peer group average of 4.82%, indicating potentially less bearish sentiment compared to its competitors. It would take traders an average of 1.98 days to cover their current short positions.