Looking Into ONEOK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ONEOK's (NYSE:OKE) short percent of float has risen 9.14% since its last report, with 13.12 million shares sold short, which is 3.82% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 3.62%. Short interest can act as an indicator of market sentiment towards a stock.
August 25, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
ONEOK's short interest has increased, indicating a bearish market sentiment. However, this does not necessarily mean the stock price will fall in the near term.
An increase in short interest indicates that more investors are betting that the stock price will fall. However, this is not a guaranteed predictor of stock price movements. The stock price can be influenced by a variety of factors, including overall market conditions, company performance, and investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100