Back to top

Investors are betting against J.C. Penney (JCP), Should You?

Read MoreHide Full Article
Many investors appear to be quite bearish on J.C. Penney Company, Inc. (JCP - Free Report) , especially if you look at the percentage of the float that is sold short for this stock. Currently, 36.5% of the float is sold short, suggesting an extreme level of bearishness for JCP.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we have a Zacks Rank #2 (Buy) on JCP, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of JCP to move higher in the weeks ahead.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

J. C. Penney Company, Inc. (JCP) - free report >>

More from Zacks Tale of the Tape

You May Like