Short Interest in Kinder Morgan Rose 19%
The short interest in Kinder Morgan (KMI), as a percentage of its float, is 3.3%—higher compared to 2.8% at the end of January 2018. According to data released on February 9, 2018, the total number of Kinder Morgan shares shorted was ~63.4 million on January 31, 2018—19.0% higher compared to ~53.2 million on January 12, 2018. The current short interest in Kinder Morgan is the same level as its average in the last five years.
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As the above graph shows, the increased short interest in the past month was associated with a fall in Kinder Morgan’s stock price. The recent rise in Kinder Morgan’s short interest might show that more investors think its price will fall soon—compared to the investors that expected a fall at the end of January 2018.
Short interest ratio
The short interest in Kinder Morgan is ~63.4 million shares, while its average 30-day daily trading volume is ~17 million shares. So, Kinder Morgan’s short interest ratio is ~3.7x. For Kinder Morgan stock, it will take about four days to cover all of the open short positions.
The short interest in Enterprise Products Partners (EPD) was ~20.3 million shares on January 31, 2018—13% lower compared to 23.2 million shares on January 12, 2018. The short interest in ONEOK (OKE) rose nearly 4% to ~10.0 million shares on January 31, 2018.
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