Peering Into ONEOK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ONEOK's (NYSE:OKE) short percent of float has fallen 16.29% since its last report, with 17.71 million shares sold short, which is 3.7% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, ONEOK's short interest as a percentage of float is higher than its peer group average of 3.68%.
September 28, 2023 | 1:15 pm
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ONEOK's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. However, its short interest is still higher than its peer group average.
A decrease in short interest can indicate a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, ONEOK's short interest is still higher than its peer group average, which could indicate that it is still viewed more bearishly than its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100