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Institutional investors reduced stakes in Kellanova Holdings, despite its strong earnings.
Louisiana State Employees Retirement System and New York State Teachers Retirement System have reduced their stakes in Kellanova Holdings, a company that manufactures snacks and convenience foods.
The stock, which has a market cap of $28.35 billion, saw higher-than-expected earnings of $0.92 per share, beating analysts' estimates.
Short interest in Kellanova increased by 27.6% in January.
Some institutional investors have adjusted their holdings, with mixed ratings from analysts.
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Los inversores institucionales redujeron las participaciones en Kellanova Holdings, a pesar de sus fuertes ganancias.