Shares of Kohl’s (NYSE:KSS) dropped 5.3% due to a significant increase in short interest, reaching 35.86% of all regular shares. Concerns about financial stability led to a consensus “Sell” rating from Wall Street analysts. The stock closed at $21.84, down 5.9% from the previous close. Kohl’s shares have been volatile, with 52 moves greater than 5% in the past year. Despite today’s drop, the market doesn’t view this news as a fundamental change. The stock is up 55.9% this year but still 11.5% below its 52-week high. Investors who bought 5 years ago would see a return of $572.64.
Read more at Stock Story: Why Kohl’s (KSS) Stock Is Down Today
