Looking Into Kinder Morgan's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kinder Morgan's (NYSE:KMI) short percent of float has fallen 3.92% since its last report, with 38.33 million shares sold short, which is 1.96% of all regular shares available for trading. It would take traders 2.52 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.35% for its peer group.
July 17, 2023 | 4:00 pm
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Kinder Morgan's short interest has decreased, indicating a potentially more bullish market sentiment towards the company's stock.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. Therefore, the decrease in Kinder Morgan's short interest could potentially lead to an increase in its stock price in the short term.
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IMPORTANCE 70
RELEVANCE 100