Looking Into Kohl's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kohl's (NYSE:KSS) has seen an 18.36% increase in its short percent of float since the last report, with 35.40 million shares sold short, representing 44.62% of available shares. This high level of short interest, compared to its peer group average of 9.68%, indicates a bearish market sentiment towards Kohl's. However, high short interest can sometimes be bullish, suggesting potential for a short squeeze.
May 08, 2024 | 8:45 pm
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NEUTRAL IMPACT
Kohl's has experienced a significant increase in short interest, indicating a bearish market sentiment but also the potential for a short squeeze due to the high percentage of shares sold short.
The increase in short interest for Kohl's suggests a bearish sentiment among investors, which could lead to downward pressure on the stock price in the short term. However, the high level of short interest also raises the possibility of a short squeeze, which could drive the price up if there's a sudden positive shift in sentiment or good news. The impact is considered neutral due to these opposing potential outcomes.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100