How Is The Market Feeling About Kenvue?
Portfolio Pulse from Benzinga Insights
Kenvue's (NYSE:KVUE) short percent of float has risen 452.99% since its last report, with 29.45 million shares sold short, which is 14.82% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, increasing short interest can also be bullish for a stock.
August 18, 2023 | 8:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Kenvue's short percent of float has significantly increased, indicating a bearish sentiment among investors. However, this could also potentially be bullish for the stock.
The significant increase in Kenvue's short percent of float indicates that investors are expecting the stock price to fall, which is a bearish signal. However, high short interest can also lead to a short squeeze, where the stock price can rapidly increase due to short sellers covering their positions, which is a bullish scenario. Therefore, the impact on the stock price can be neutral in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100