(KVUE) - Analyzing Kenvue's Short Interest
Portfolio Pulse from Benzinga Insights
Kenvue (NYSE:KVUE) has seen a decrease in short interest, with the short percent of float dropping 5.48% since the last report. The company has 36.70 million shares sold short, representing 18.46% of available shares for trading. The average time to cover these short positions is 2.15 days. A decrease in short interest may indicate a more bullish sentiment among investors. Kenvue's short interest is significantly higher than its peer group average of 5.66%.
January 19, 2024 | 6:15 pm
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Kenvue's decrease in short interest suggests a potentially more bullish sentiment from investors, which could lead to a short-term positive impact on the stock price.
The reduction in short interest for Kenvue indicates that fewer investors are betting on the stock's decline, which could reduce selling pressure and potentially lead to a price increase. However, short interest is still high compared to peers, which suggests caution. The score reflects a cautiously optimistic outlook based on the current short interest data.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100