How Is The Market Feeling About Kenvue?
Portfolio Pulse from Benzinga Insights
Kenvue's (NYSE:KVUE) short percent of float has risen 9.17% since its last report, with 42.11 million shares sold short, which is 21.19% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 6.92%. Short interest can act as an indicator of market sentiment towards a stock, with an increase potentially signaling a more bearish sentiment.
November 09, 2023 | 1:00 pm
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Kenvue's short percent of float has increased, indicating a potentially bearish market sentiment. However, this does not necessarily mean the stock will fall in the near term.
An increase in short interest can indicate a bearish sentiment towards a stock, as traders sell shares they do not own in the hope that the price will fall. However, this does not guarantee a fall in the stock's price, as other factors can also influence the stock's performance.
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