(KEX) - Analyzing Kirby's Short Interest
Portfolio Pulse from Benzinga Insights
Kirby Corporation's (NYSE:KEX) short interest has decreased by 10.36%, now representing 1.73% of its float with 1.01 million shares sold short. It would take approximately 3.78 days to cover these short positions. This decline in short interest could indicate a more bullish sentiment towards KEX among investors. Compared to its peers, Kirby has a lower short interest percentage of 1.73% against an average of 3.98%, suggesting it may be performing better or viewed more favorably than its competitors.
February 22, 2024 | 8:45 pm
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Kirby Corporation's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. With a lower short interest compared to its peers, KEX might be seen as performing better or being more favorably viewed.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock, expecting its price to rise. Kirby's lower short interest compared to its peers further suggests it may be viewed more favorably, potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100