Looking Into KKR & Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
KKR & Co's short percent of float has risen 19.34% since its last report, with 16.21 million shares sold short, which is 2.53% of all regular shares available for trading. It would take traders 4.69 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, KKR & Co's peer group average for short interest as a percentage of float is 2.96%, which means the company has less short interest than most of its peers.
September 15, 2023 | 4:30 pm
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NEUTRAL IMPACT
The increase in short interest in KKR & Co could indicate a bearish sentiment among investors. However, compared to its peers, KKR has less short interest, which could be a positive sign.
The increase in short interest could indicate that investors are expecting the price of KKR & Co's stock to fall. However, the fact that KKR's short interest is less than its peer group average could mean that it is performing better than its peers in the eyes of investors. This could potentially offset the bearish sentiment indicated by the increase in short interest.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100