(KSS) - Analyzing Kohl's's Short Interest
Portfolio Pulse from Benzinga Insights
Kohl's (NYSE:KSS) has seen a 6.92% increase in its short percent of float, now at 37.7% of all shares available for trading. With 29.91 million shares sold short, it would take about 5.35 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards KSS, although it's higher than its peer group average of 7.44% short interest as a percentage of float.
April 19, 2024 | 1:30 pm
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Kohl's has experienced a significant increase in short interest, suggesting a bearish market sentiment. This could lead to increased volatility in the short term.
The increase in short interest for Kohl's indicates that a larger number of investors are betting against the stock, expecting its price to fall. This negative sentiment can lead to increased stock price volatility in the short term, especially given the high percentage of float shorted compared to its peers. However, the actual impact on the stock price will depend on broader market conditions and company performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100