How Is The Market Feeling About Kinder Morgan?
Portfolio Pulse from Benzinga Insights
Kinder Morgan's (NYSE:KMI) short percent of float has fallen 7.73% since its last report, indicating a more bullish sentiment towards the stock. The company has 37.22 million shares sold short, which is 1.91% of all regular shares available for trading. Compared to its peers, Kinder Morgan has less short interest, with the average for its peer group being 3.41%.
August 21, 2023 | 4:45 pm
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The decrease in short interest for Kinder Morgan indicates a more bullish sentiment towards the stock, which could potentially lead to an increase in its price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, potentially leading to an increase in the stock's price. Given that Kinder Morgan's short interest has decreased, this suggests a more bullish sentiment towards the stock, which could potentially lead to an increase in its price in the short term.
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