How Is The Market Feeling About ONEOK?
Portfolio Pulse from Benzinga Insights
ONEOK's (NYSE:OKE) short percent of float has risen 12.19% since its last report, with 12.35 million shares sold short, which is 3.59% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. ONEOK's peer group average for short interest as a percentage of float is 3.39%, which means the company has more short interest than most of its peers.
July 27, 2023 | 6:45 pm
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ONEOK's short percent of float has risen 12.19%, indicating a bearish market sentiment. The company has more short interest than most of its peers.
The increase in short interest indicates that more investors are betting that the price of ONEOK's stock will fall. This bearish sentiment could put downward pressure on the stock price in the short term. Furthermore, the fact that ONEOK has more short interest than most of its peers suggests that it is viewed more negatively than other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100