How Is The Market Feeling About Kyndryl Hldgs?
Portfolio Pulse from Benzinga Insights
Kyndryl Holdings (NYSE:KD) has seen a 22.62% decrease in short interest since the last report, with 3.98 million shares sold short, representing 1.95% of available shares. The average time to cover these short positions is 2.56 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Kyndryl has a lower short interest compared to its peer group average of 2.05%.
January 19, 2024 | 1:30 pm
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Kyndryl Holdings has experienced a significant decrease in short interest, which may suggest a more bullish market sentiment towards the company's stock in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to less selling pressure and potentially a rise in the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee an immediate price increase.
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