Peering Into Kroger's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kroger's (NYSE:KR) short interest has increased by 27.47% since the last report, with 22.00 million shares sold short, representing 3.48% of its float. It would take about 4.45 days to cover all short positions. This rise in short interest could indicate a more bearish market sentiment towards Kroger, although it has less short interest compared to its peer group average of 3.85%.
March 12, 2024 | 5:45 pm
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Kroger's short interest has risen significantly, indicating a potential increase in bearish sentiment among investors.
The increase in short interest suggests that more investors are betting against Kroger's stock, expecting its price to fall. This could lead to increased selling pressure in the short term. However, the fact that Kroger's short interest is below its peer group average might mitigate some negative impact.
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