Looking Into ONEOK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ONEOK's (NYSE:OKE) short interest has decreased by 3.24% since the last report, with 11.46 million shares sold short, representing 2.39% of its float. This decrease in short interest could indicate a more bullish sentiment towards OKE among traders. Compared to its peers, ONEOK has a lower short interest percentage, suggesting it may be performing better than similar companies.
March 05, 2024 | 3:45 pm
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ONEOK's short interest has decreased, indicating a potential bullish sentiment shift among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For ONEOK, this decrease could lead to a short-term positive impact on its stock price as it indicates a shift towards a more bullish sentiment among traders. Additionally, being below its peer group average in short interest could further signal strength relative to its competitors.
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