(OKE) - Analyzing ONEOK's Short Interest
Portfolio Pulse from Benzinga Insights
ONEOK's (NYSE:OKE) short percent of float has fallen 27.99% since its last report, with 11.83 million shares sold short, which is 2.47% of all regular shares available for trading. It would take traders 2.42 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 4.02%.
November 09, 2023 | 1:00 pm
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ONEOK's short interest has decreased significantly, indicating a more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest usually indicates a more bullish sentiment towards a stock, as fewer traders are betting on the stock's price to fall. However, this is just one of many factors that can influence a stock's price, and it does not guarantee that the stock price will rise in the near term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100