Looking Into Kirby's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kirby Corporation's (NYSE:KEX) short interest has decreased by 5.63%, now representing 2.01% of its float with 1.04 million shares sold short. It would take approximately 2.6 days to cover these short positions. This decline in short interest could indicate a more bullish sentiment towards KEX compared to its peers, where the average short interest as a percentage of float is 3.69%.
May 07, 2024 | 6:15 pm
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Kirby Corporation's short interest has decreased, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Kirby Corporation, this reduction in short interest could lead to a positive short-term impact on its stock price as it indicates a more bullish sentiment compared to its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90