Peering Into Kinder Morgan's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kinder Morgan's (NYSE:KMI) short interest has decreased by 9.2%, with 28.67 million shares sold short, representing 1.48% of its float. This decrease in short interest could indicate a more bullish sentiment towards KMI among traders. Compared to its peers, KMI has a lower short interest percentage of float, with the average being 3.67%. This information suggests that KMI is performing relatively well against its competitors in terms of market sentiment.
March 28, 2024 | 2:30 pm
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Kinder Morgan's short interest has decreased, indicating a potentially more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that fewer traders are betting against the stock, which can be a positive sign for its future price movement. Given that KMI's short interest is also lower than its peer average, this could further indicate stronger confidence in the stock compared to its competitors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90