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
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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.
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