Peering Into Kirby's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kirby's (NYSE:KEX) short interest has fallen by 7.0%, with 955 thousand shares sold short, representing 1.86% of its float. This is lower than the peer group average of 2.93%. The decrease in short interest may indicate a more bullish sentiment among investors.
June 03, 2024 | 5:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Kirby's short interest has decreased by 7.0%, now at 1.86% of its float, which is lower than the peer group average of 2.93%. This could indicate a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Kirby, which could be interpreted as a sign of increasing confidence in the stock. This is further supported by the fact that Kirby's short interest is lower than the peer group average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100