Peering Into MPLX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MPLX's short percent of float has decreased by 4.8% since its last report, with 18.18 million shares sold short, representing 5.16% of all regular shares available for trading. It would take traders 9.38 days on average to cover their short positions. The decrease in short interest could indicate a more bullish sentiment towards MPLX. However, MPLX's short interest as a percentage of float is higher than its peer group average of 3.94%.
November 03, 2023 | 6:45 pm
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MPLX's short interest has decreased, potentially indicating a more bullish sentiment. However, its short interest is higher than its peer group average.
A decrease in short interest could indicate a more bullish sentiment towards the stock, which could potentially lead to an increase in the stock price. However, the fact that MPLX's short interest is higher than its peer group average could indicate that there is still a significant amount of bearish sentiment towards the stock, which could potentially put downward pressure on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100