How Is The Market Feeling About MPLX?
Portfolio Pulse from Benzinga Insights
The short percent of float for MPLX (NYSE:MPLX) has risen by 30.95% since its last report, with 11.63 million shares sold short, representing 3.3% of all regular shares available for trading. This could take traders 7.21 days to cover their short positions on average. An increase in short interest can indicate a bearish market sentiment. However, MPLX's short interest as a percentage of float is less than its peer group average of 3.50%.
July 28, 2023 | 3:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The increase in short interest for MPLX could indicate a bearish sentiment towards the stock. However, its short interest is less than its peer group average, which could be a positive sign.
An increase in short interest can indicate a bearish sentiment towards a stock, as traders are betting on the price to fall. However, MPLX's short interest as a percentage of float is less than its peer group average, which could indicate that the market sentiment towards MPLX is not as bearish as it is towards its peers. This could potentially limit the downside risk for MPLX in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100