Peering Into MPLX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MPLX's short percent of float has risen 18.73% since its last report, with 17.20 million shares sold short, which is 4.88% of all regular shares available for trading. It would take traders 7.64 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 3.69%.
August 31, 2023 | 4:15 pm
News sentiment analysis
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MPLX's short interest has increased significantly, indicating a bearish sentiment among traders.
The increase in short interest indicates that more traders are betting that MPLX's stock price will fall. This could put downward pressure on the stock price in the short term.
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