1336 ET - Investor sentiment seems to be polarized around Kohl's upcoming 1Q results. UBS says in a research note that crowding data--or too many of the same type of market participants holding the same or similar positions in Kohl's shares--is now positive. The analysts say that's a bullish sign for this risk control indicator. On the other hand, however, short interest in Kohl's is at a five-year peak of 33.7%, according to UBS. The analysts say that industry data and their research point to slightly better than expected sales but potentially worse margins. They see sentiment as mixed around the earnings report, and back their sell rating on shares. The stock rises 1.7% to $26.17. (ben.glickman@wsj.com; @benglickman)
(END) Dow Jones Newswires
May 20, 2024 13:37 ET (17:37 GMT)
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