Looking Into Kinder Morgan's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kinder Morgan's (NYSE:KMI) short interest has increased by 29.38% since the last report, with 44.29 million shares sold short, representing 2.29% of its float. It would take about 3.31 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards KMI, although it has less short interest compared to its peers' average of 3.92%. The increase in short interest doesn't necessarily predict a price drop but signals increased shorting activity.
April 25, 2024 | 5:45 pm
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Kinder Morgan's short interest has risen significantly, indicating a bearish sentiment but still below peer average. This could influence stock volatility in the short term.
The increase in short interest for Kinder Morgan suggests a bearish sentiment among investors, which could lead to increased volatility in the stock price. However, since the short interest is still below the peer average, it might not have a significant downward pressure on the stock price in the short term. The situation warrants close monitoring as further increases in short interest could indicate stronger bearish trends.
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IMPORTANCE 70
RELEVANCE 90