Looking Into MPLX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MPLX's short percent of float has risen 24.55% since its last report, with 14.48 million shares sold short, which is 4.11% of all regular shares available for trading. It would take traders 8.25 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. MPLX's peer group average for short interest as a percentage of float is 3.19%, which means the company has more short interest than most of its peers.
August 14, 2023 | 7:00 pm
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MPLX's short interest has increased significantly, indicating a bearish sentiment among investors.
The increase in short interest indicates that more investors are betting that MPLX's stock price will fall. This bearish sentiment could put downward pressure on the stock price in the short term. Furthermore, MPLX has a higher short interest than most of its peers, which could make it more susceptible to a price drop.
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