(KR) - Analyzing Kroger's Short Interest
Portfolio Pulse from Benzinga Insights
Kroger's (NYSE:KR) short interest has decreased by 11.3% since the last report, with 19.84 million shares sold short, representing 3.14% of available shares. The short interest is below the peer group average of 4.43%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.
November 13, 2023 | 8:45 pm
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Kroger's short interest has decreased, which may indicate a more bullish sentiment among investors. However, this does not guarantee an immediate increase in stock price.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a positive sentiment and potentially an increase in the stock price in the short term. However, the article also cautions that this is not a definitive predictor of near-term price movement, hence the score is not maximum.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80