How Is The Market Feeling About Kinder Morgan?
Portfolio Pulse from Benzinga Insights
Kinder Morgan (NYSE:KMI) has seen a 9.2% decrease in short interest, now at 28.67 million shares or 1.48% of float, indicating a potential shift in market sentiment towards more bullish views. Compared to its peers, KMI has a lower short interest percentage of float (3.47%), suggesting it may be performing better than similar companies.
March 07, 2024 | 3:45 pm
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Kinder Morgan's decrease in short interest suggests a more bullish sentiment among investors, potentially leading to positive short-term price movement.
The decrease in short interest for Kinder Morgan indicates that fewer traders are betting on the stock's decline, which can be interpreted as a positive sentiment shift. Given that KMI's short interest is also lower than its peer group average, it suggests that the company might be in a stronger position compared to its competitors, potentially leading to positive short-term price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90