Looking at the retail sector, we have seen some extreme underperformers over the past month, none as sharp as retail giant KSS US. After outperforming the market over the past 3 months, KSS US has erased most of its gains, heading into the pivotal holiday season. Interesting to note that over the past 3 months We have seen analysts consistently taking numbers down. What will be in store for next month?
If we look at the price chart over the past month, we see the that the market is up slightly, however KSS US has underperformed dramatically
Investors have taken note as the short interest on KSS US has reached extremely elevated levels. Currently the short % of free float share on loan is 16.25%, while the days to cover is 9.26. Over the past 6 months we have seen the short interest increase; KSS US has now reached historical highs over the past month.