How Is The Market Feeling About KKR?
Portfolio Pulse from Benzinga Insights
KKR's short interest has increased by 4.19%, with 13.40 million shares sold short, representing 1.99% of its float. This is below the peer group average of 3.68%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
October 18, 2024 | 6:45 pm
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NEGATIVE IMPACT
KKR's short interest has increased by 4.19%, with 13.40 million shares sold short, representing 1.99% of its float. This is below the peer group average of 3.68%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment towards KKR, as more investors are betting on a price decline. However, the short interest is still below the peer average, which may mitigate the negative impact. The short interest data suggests potential downward pressure on KKR's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100