How Is The Market Feeling About Kenvue?
Portfolio Pulse from Benzinga Insights
Kenvue (NYSE:KVUE) has seen a 10.11% increase in short percent of float since its last report, with 27.45 million shares sold short, representing 13.83% of available shares. This indicates a bearish market sentiment towards KVUE, although it's noted that an increase in short interest can sometimes be bullish. Kenvue's short interest is higher than its peer group average of 6.05%.
March 29, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Kenvue has experienced a significant increase in short interest, indicating a bearish market sentiment but also suggesting potential for a bullish reversal.
The increase in short interest for Kenvue suggests a bearish sentiment among investors. However, high short interest can sometimes lead to a bullish reversal if the stock price starts to rise, causing a short squeeze. The comparison with peers indicates that Kenvue is more heavily shorted, which could make it more susceptible to volatility based on market sentiment changes.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90