Looking Into Kenvue's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kenvue's (NYSE:KVUE) short percent of float has fallen 78.25% since its last report, with 20.42 million shares sold short, which is 10.28% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, Kenvue's short interest as a percentage of float is higher than its peer group average of 6.58%.
September 18, 2023 | 8:00 pm
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Kenvue's short percent of float has decreased significantly, which could indicate a more bullish sentiment towards the stock. However, its short interest is still higher than its peer group average.
A decrease in short interest usually indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, Kenvue's short interest is still higher than its peer group average, which could indicate some level of bearish sentiment compared to its peers.
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