How Is The Market Feeling About KBR?
Portfolio Pulse from Benzinga Insights
KBR's short interest has decreased by 11.05%, with 1.71 million shares sold short, representing 1.53% of its float. This is lower than its peers' average of 2.63%. A decrease in short interest can indicate a more bullish sentiment towards the stock.
October 01, 2024 | 6:45 pm
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POSITIVE IMPACT
KBR's short interest has decreased by 11.05%, indicating a potential shift towards a more bullish market sentiment. The current short interest is 1.53% of the float, which is lower than the peer average of 2.63%.
The decrease in short interest suggests that fewer investors are betting against KBR, which can be interpreted as a positive sign for the stock. Additionally, KBR's short interest is lower than its peers, further indicating a relatively more favorable market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100