How Is The Market Feeling About Targa Resources?
Portfolio Pulse from Benzinga Insights
Targa Resources (NYSE:TRGP) has seen a 5.11% increase in its short percent of float, now at 1.85% of all regular shares available for trading. This indicates a rise in bearish sentiment, although it remains below the peer group average of 3.19%.
October 24, 2024 | 6:15 pm
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Targa Resources has experienced a 5.11% increase in short interest, now at 1.85% of its float. This suggests a rise in bearish sentiment, although it remains below the peer average of 3.19%.
The increase in short interest suggests that investors are becoming more bearish on Targa Resources, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate the negative impact.
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