Peering Into Kenvue's Recent 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 6.98%. Short interest can act as an indicator of market sentiment towards a particular stock.
October 23, 2023 | 4:15 pm
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Kenvue's short percent of float has increased, indicating a bearish market sentiment. However, high short interest can sometimes be bullish.
An increase in short interest usually indicates that investors are expecting the stock price to decrease. However, if the stock price increases instead, short sellers will have to buy back the shares, potentially causing a short squeeze and driving the price up further.
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