Looking Into KKR & Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
KKR & Co (NYSE:KKR) has seen a decrease in short interest, with the short percent of float falling 6.36% since the last report. The company has 6.86 million shares sold short, which is 1.03% of available shares for trading. The average time to cover these short positions is 2.11 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not necessarily predict a price rise. KKR's short interest is below its peer group average of 2.80%.
January 12, 2024 | 1:15 pm
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KKR & Co's short interest has decreased, which may suggest a more bullish sentiment among investors. The short interest is lower than the peer group average, potentially indicating a positive outlook for the stock.
The reduction in short interest for KKR & Co suggests that investors may be less bearish on the stock, which could lead to a short-term increase in its price. However, short interest is just one indicator and does not guarantee a price movement. The confidence level is not at the maximum because market sentiment can be influenced by various other factors not mentioned in the article.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100