Peering Into Kinder Morgan's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kinder Morgan's (NYSE:KMI) short percent of float has fallen 7.69% since its last report, with 35.03 million shares sold short, which is 1.8% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Kinder Morgan has less short interest, with an average of 3.65% for its peer group.
September 15, 2023 | 8:45 pm
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The decrease in short interest for Kinder Morgan could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock price. As Kinder Morgan's short interest has decreased, this could potentially lead to a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100