Popular clothing retailer Kohls Corp (NYSE:KSS) is up 19.6% at $15.60 at last check, after the company reported second quarter earnings of 56 cents per share, beating estimates. A hiked fiscal-year outlook is also lending a boost, with the equity now eyeing its best daily pop since July 22. KSS is now 10% higher year-to-date, breaking above resistance at the $16 mark earlier today for only the second time in 2025.
There is plenty of room for upgrades, with all 13 covering brokerages sporting a "hold" or worse rating. Should this bearish sentiment begin to unwind, it could trigger more tailwinds for the security.
Short sellers have been retreating, with short interest down 34.6% over the past two reporting periods. This accounts for a hefty 32.1% of the stock's total available float, which would take traders nearly three days to buy back their bearish bets.
