DNUT’s short interest surges to 12.8 million shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Krispy Kreme Inc shares valued at $1,282,090 were sold by Tattersfield Michael J. on Mar 11 ’24. At $12.82 per share, Tattersfield Michael J. sold 100,000 shares. The insider’s holdings dropped to 2,936,940 shares worth approximately $35.16 million following the completion of this transaction.

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As published in their initiating research note from CapitalOne on January 22, 2024, Krispy Kreme Inc [DNUT] has been an Equal weight and the price target has been revised to $16. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of October 30, 2023, Truist has decreased its “Buy” rating to a “Hold” for DNUT. Earlier on June 14, 2023, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for DNUT stock.

Analyzing DNUT Stock Performance

During the last five days, there has been a drop of approximately -5.90%. Over the course of the year, Krispy Kreme Inc shares have dropped approximately -20.68%. Shares of the company reached a 52-week high of $15.07 on 01/02/24 and a 52-week low of $11.89 on 03/13/24. A 50-day SMA is recorded $13.39, while a 200-day SMA reached $13.69. Nevertheless, trading volume fell to 1.41 million shares from 0.61 million shares the previous day.

Support And Resistance Levels for Krispy Kreme Inc (DNUT)

According to the 24-hour chart, there is a support level at 11.70, which, if violated, would cause prices to drop to 11.43. In the upper region, resistance lies at 12.42. The next price resistance is at 12.87. RSI (Relative Strength Index) is 32.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 94.50%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Krispy Kreme Inc subject to short interest?

Stocks of Krispy Kreme Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.57 million shares to 12.8 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 12.23 million shares. A jump of 4.45% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 13.87 of the overall float, the days-to-cover ratio (short ratio) jumped to 13.87.

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