Looking Into Targa Resources's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Targa Resources (NYSE:TRGP) has seen a 12.5% decrease in short interest, now at 3.77 million shares or 1.96% of float, with a 2.32-day average to cover. This decline in short interest could indicate a more bullish sentiment towards TRGP compared to its peers, where the average short interest is 3.92% of float.
April 29, 2024 | 4:30 pm
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Targa Resources's short interest has decreased, indicating potentially more bullish sentiment among investors.
A decrease in short interest often suggests that investors are less bearish on the stock, potentially leading to an increase in its price as negative pressure diminishes. Given TRGP's lower short interest compared to its peer average, this could be a positive sign for its stock in the short term.
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