Analysts tracking KD stock price highlight the rise in short interest to 3.1%, which, combined with improving fundamentals, could set up a short squeeze scenario if bullish catalysts emerge. Evolving from its roots in IT staffing to become a high-end technology consulting powerhouse, ASGN (NYSE:ASGN) provides specialized IT consulting services and staffing solutions to Fortune 1000 companies and U.S. federal government agencies. Shares of IT infrastructure services provider Kyndryl ( NYSE: KD ) fell 4.3% in the morning session after Morgan Stanley initiated coverage on the company with an "Equalweight" rating and a $30 price target. Large-cap tech sector rebalancing may benefit KD stock price, especially as ETF fund flows show increased weight toward data infrastructure companies.
