Looking Into Kraft Heinz's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kraft Heinz's (NYSE:KHC) short percent of float has risen 17.96% since its last report, with 17.71 million shares sold short, which is 1.97% of all regular shares available for trading. It would take traders 2.19 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Kraft Heinz's peer group average for short interest as a percentage of float is 4.75%, which means the company has less short interest than most of its peers.
October 16, 2023 | 7:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Kraft Heinz's short percent of float has risen, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in short interest indicates that investors are expecting the price of Kraft Heinz's stock to fall. However, the fact that it has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it seems.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100