Looking Into Kenvue's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kenvue's (NYSE:KVUE) short percent of float has decreased by 51.71% since its last report, with 5.32 million shares sold short, representing 2.68% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Kenvue. Compared to its peers, Kenvue has less short interest as a percentage of float, with the average being 6.45%.
August 04, 2023 | 9:09 am
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The decrease in short interest could indicate a more bullish sentiment towards Kenvue, potentially impacting its stock price positively in the short term.
Short interest is a measure of market sentiment. A decrease in short interest often indicates that investors are less bearish, or more bullish, about a company. This could lead to increased buying pressure, potentially driving up the stock price in the short term.
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