Looking Into ONEOK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ONEOK's (NYSE:OKE) short percent of float has risen 7.17% since its last report, with 11.30 million shares sold short, which is 3.29% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, ONEOK has less short interest as a percentage of float (3.48%).
July 10, 2023 | 8:45 pm
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ONEOK's increased short interest indicates a bearish sentiment among investors. However, its short interest is less than its peers, which could be a positive sign.
Short interest is a measure of market sentiment. The increase in ONEOK's short interest suggests that investors are expecting the stock's price to fall. However, the fact that ONEOK's short interest is less than its peers could indicate that it is in a relatively better position.
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IMPORTANCE 75
RELEVANCE 100