Peering Into Targa Resources's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Targa Resources (NYSE:TRGP) has seen a 12.02% increase in its short percent of float, now at 2.33% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Targa Resources has a lower short interest percentage.
May 20, 2024 | 7:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Targa Resources has experienced a 12.02% increase in short interest, now at 2.33% of its float. This suggests a rise in bearish sentiment, but the company's short interest is still lower than its peers.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the fact that Targa Resources has a lower short interest compared to its peers may mitigate some of this negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100