How Is The Market Feeling About Kinder Morgan?
Portfolio Pulse from Benzinga Insights
Kinder Morgan's (NYSE:KMI) short percent of float has risen 5.61% since its last report, with 40.21 million shares sold short, which is 2.07% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Kinder Morgan has less short interest as a percentage of float, which is 3.55% on average.
August 04, 2023 | 11:39 am
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Kinder Morgan's short interest has increased, indicating a bearish sentiment. However, its short interest is less than its peers' average, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment towards a stock. However, Kinder Morgan's short interest is less than its peers' average, which could mean that the market is less bearish on KMI compared to its peers. This could potentially limit the downside risk for KMI in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100