Looking Into MPLX's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MPLX's short interest has fallen by 8.31%, with 11.13 million shares sold short, representing 2.98% of its float. This is lower than the peer group average of 3.75%. The decrease in short interest could indicate a more bullish sentiment among investors.
May 31, 2024 | 3:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
MPLX's short interest has decreased by 8.31%, now at 2.98% of its float, which is lower than the peer group average of 3.75%. This could indicate a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against MPLX, which could be interpreted as a sign of increasing confidence in the stock. This is further supported by the fact that MPLX's short interest is lower than the average of its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100