Looking Into MPLX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MPLX's short percent of float has decreased by 8.9% since its last report, with 10.49 million shares sold short, representing 2.97% of all regular shares available for trading. It would take traders approximately 5.96 days to cover their short positions. The decrease in short interest could indicate a more bullish market sentiment towards MPLX. Compared to its peers, MPLX has less short interest as a percentage of float, with the average being 3.49%.
July 10, 2023 | 7:15 pm
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The decrease in short interest in MPLX could indicate a more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so this does not guarantee a rise in MPLX's stock price.
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