How Is The Market Feeling About Kinder Morgan?
Portfolio Pulse from Benzinga Insights
Kinder Morgan (NYSE:KMI) has seen a 5.7% rise in short percent of float since the last report, with 32.35 million shares sold short, representing 1.67% of available shares. It would take 2.52 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, Kinder Morgan has less short interest compared to its peer group average of 3.52%. The article suggests that high short interest can sometimes be bullish for a stock.
December 18, 2023 | 3:45 pm
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Kinder Morgan has experienced an increase in short interest, which could indicate bearish market sentiment. However, its short interest is below the peer group average, which may mitigate negative impact.
The rise in short interest suggests that some investors are expecting the price of KMI to fall, which could lead to downward pressure on the stock. However, since KMI's short interest is below its peer average, this may not be a strong bearish signal. Additionally, the article notes that high short interest can sometimes be bullish, indicating uncertainty about the direction of the stock price.
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