(KKR) - Analyzing KKR & Co's Short Interest
Portfolio Pulse from Benzinga Insights
KKR & Co's short percent of float has risen 6.67% since its last report, with 11.37 million shares sold short, which is 1.76% of all regular shares available for trading. It would take traders 4.11 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.10%.
August 09, 2023 | 4:00 pm
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NEUTRAL IMPACT
The rise in short interest in KKR & Co indicates a bearish sentiment among traders. However, the company's short interest is less than its peer group average, which could be a positive sign.
The rise in short interest indicates that more traders are betting on the stock's price to fall, which is a bearish signal. However, the fact that KKR & Co's short interest is less than its peer group average could mean that it is performing better than its peers, which could be a positive sign for the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100