Looking Into Kinder Morgan's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Kinder Morgan's (NYSE:KMI) short interest has risen by 8.64%, with 46.22 million shares sold short, representing 2.39% of its float. This increase in short interest could indicate bearish sentiment among investors. However, KMI's short interest is still below the peer group average of 3.87%.
July 19, 2024 | 4:00 pm
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Kinder Morgan's short interest has increased by 8.64%, now at 2.39% of its float. This rise could indicate bearish sentiment, but it's still below the peer average of 3.87%.
The increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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