Looking Into Kraft Heinz's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kraft Heinz's (NYSE:KHC) short percent of float has risen 13.74% since its last report, with 13.43 million shares sold short, which is 1.49% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Kraft Heinz's short interest as a percentage of float is less than its peer group average of 5.13%.
July 14, 2023 | 8:30 pm
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Kraft Heinz's short percent of float has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
The increase in short percent of float indicates that more investors are betting against Kraft Heinz, which could put downward pressure on the stock price. However, the fact that its short interest is less than its peer group average suggests that it may be less vulnerable to a short squeeze.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100