18H·

Was that the beginning or the end

$KSS (+0.1%) today partly with +80% currently we are at +35%

Kohls is one of the most shorted stocks on the market. Are we seeing the beginnings of a short squeeze here? Extremely high volume today with 11 million trades. That is almost 15x the normal volume for the stock.

Is greed winning out here or are investors showing diamond hands?

Personally, I entered 2 months ago with a mini position simply because of the high short rate and the poor results and was actually speculating that some big player would make a takeover bid and I could get a few % out of it

9 Comments

D.S.@Cato_Bamboo

18H

Well, you got the few % that way.......😉

•

Patrick Schäfer@Hotte1909

18H

@Cato_Bamboo yes, but there could be more 😀

••

D.S.@Cato_Bamboo

18H

@Hotte1909 Don't get greedy.........

•

Nobody@Nobody_123

18H

What you have on your screen 🫡

•

Patrick Schäfer@Hotte1909

17H

@Nobody_123 I was actually looking for the short interest in Hims at the time and then, out of boredom, looked further for short interest and found it quite interesting. An alternative position at the time would have been Puma, but they won't be bought up so quickly and business isn't that bad there either, so the short interest was simply due to the overvaluation. It was a little different with kohls. The P/E ratio at the time was around 4 and then the short interest was clear. Falling sales and other problems, but even with a 50% drop in profits you would have ended up with a P/E of around 8 at the current price. Which in my view would have offered opportunities for some big players.

•

Nobody@Nobody_123

17H

@Hotte1909 obviously done everything right 💪

••