(KSS) - Analyzing Kohl's's Short Interest
Portfolio Pulse from Benzinga Insights
Kohl's (NYSE:KSS) has seen a 25.17% increase in its short percent of float since the last report, with 34.76 million shares sold short, representing 35.26% of available shares. This places Kohl's well above its peer group average for short interest, which is 7.31%. The rise in short interest indicates a more bearish market sentiment towards Kohl's, although it doesn't necessarily predict a near-term price fall.
April 03, 2024 | 2:30 pm
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Kohl's has experienced a significant increase in short interest, indicating a bearish market sentiment. However, this does not guarantee a price drop in the short term.
The increase in short interest for Kohl's suggests that investors are more bearish on the stock. However, high short interest can sometimes lead to a short squeeze, potentially driving the price up if the market conditions change. Therefore, while the sentiment is bearish, the actual impact on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100