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.
September 12, 2023 | 7:00 pm
News sentiment analysis
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ONEOK's short percent of float has increased, indicating a bearish market sentiment. However, high short interest can sometimes be bullish.
An increase in short interest usually indicates a bearish sentiment towards the stock. However, it can also lead to a short squeeze, which can drive the stock price up in the short term. Therefore, the impact on ONEOK's stock price could be neutral in the short term.
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