(KR) - Analyzing Kroger's Short Interest
Portfolio Pulse from Benzinga Insights
Kroger's (NYSE:KR) short interest has increased by 18.15% since the last report, with 23.45 million shares sold short, representing 3.71% of available shares. It would take about 6.4 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Kroger has less short interest compared to its peer group average of 4.88%.
December 05, 2023 | 5:45 pm
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NEUTRAL IMPACT
Kroger's short interest has risen, indicating potential bearish sentiment among investors. However, with short interest below the peer group average, the impact may be muted.
While the increase in short interest for Kroger suggests that some investors are expecting the price to fall, the fact that it is below the peer group average and the article's indication that this does not necessarily predict a near-term price drop leads to a neutral score. The relevance is high as the article is directly about Kroger's short interest, but the importance is moderate because short interest is just one of many factors that can affect stock price. The confidence level is not at the maximum because market sentiment can be unpredictable and does not always correlate directly with stock price movements.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80