(KVUE) - Analyzing Kenvue's Short Interest
Portfolio Pulse from Benzinga Insights
Kenvue's (NYSE:KVUE) short percent of float has risen 4.96% since its last report, with 21.44 million shares sold short, which is 10.79% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 6.52%. Short interest can act as an indicator of market sentiment towards a particular stock.
October 05, 2023 | 1:08 pm
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Kenvue's short percent of float has increased, indicating a bearish sentiment among traders. However, this does not necessarily mean the stock price will fall in the near term.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, this is not a definitive indicator of a future price decrease, as other factors can influence the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100