(TRGP) - Analyzing Targa Resources's Short Interest
Portfolio Pulse from Benzinga Insights
Targa Resources (NYSE:TRGP) has seen a 4.95% decrease in its short interest, now at 1.73% of its float, which is lower than its peers' average of 3.94%. This suggests a more bullish sentiment towards the stock.
September 02, 2024 | 7:45 pm
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Targa Resources has experienced a 4.95% decrease in short interest, now at 1.73% of its float, indicating a potentially more bullish sentiment compared to its peers, whose average short interest is 3.94%.
The decrease in short interest suggests that traders are less bearish on Targa Resources compared to its peers, which could lead to a positive short-term impact on the stock price. The lower short interest relative to peers indicates a more favorable market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100