I don't think Kohl's should be heavily shorted, its balance sheet isn't that bad, says Jim Cramer
CNBC Televisionยท2025-07-23 00:08
It all started on social media. I saw it on Reddit's Wall Street bet section. It's time to buy the stock of Kohl's.Why. Because of the gigantic short position. That's why. That's right.Kohl's didn't shoot up nearly 38% today because of its deal with Sephora. It wasn't that relationship with Amazon either, where you can return goods bought from Amazon at most of Kohl's stores. And it certainly wasn't Kohl's Cash or some of their store brands, even as Igrudgingly admit that I like them.No, it was all about th ...