Looking Into ONEOK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ONEOK's (NYSE:OKE) short interest has decreased by 3.24%, now representing 2.39% of its float with 11.46 million shares sold short. It would take about 4.15 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards OKE compared to its last report. Additionally, ONEOK has a lower short interest compared to its peer group average of 3.62%.

March 28, 2024 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ONEOK's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For ONEOK, this reduction in short interest could lead to a short-term positive impact on its stock price as it indicates a shift towards a more bullish sentiment among traders and investors. Additionally, being below its peer group average in short interest further strengthens the potential for a positive outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100