(KAI) - Analyzing Kadant's Short Interest
Portfolio Pulse from Benzinga Insights
Kadant (NYSE:KAI) has seen a 15.28% increase in its short percent of float, now at 12.9% of all regular shares available for trading. This is significantly higher than its peers' average of 4.82%. It would take traders 17.25 days to cover their short positions on average.

June 19, 2024 | 1:00 pm
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Kadant's short interest has increased by 15.28%, now at 12.9% of float, significantly higher than its peers' average of 4.82%. This could indicate bearish sentiment but also potential for a short squeeze.
The significant increase in short interest suggests bearish sentiment among investors. However, the high short interest relative to peers could also lead to a short squeeze if positive news or buying pressure occurs.
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