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Kinder Morgan Rose 1% in Strong Week for Energy Sector

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Part 3
Kinder Morgan Rose 1% in Strong Week for Energy Sector PART 3 OF 3

Short Interest in Kinder Morgan Has Risen 12%

Short interest

Short interest is the total shares of any company that have been shorted but haven’t been closed out. Short interest as a percentage of float in Kinder Morgan (KMI) stock is 1.8%, which is higher compared to 1.6% at the end of August. According to data released on September 12, 2017, the total number of KMI shares shorted was ~35.2 million on August 31, 2017, 11.8% higher compared to ~31.5 million on August 15, 2017. The short interest in Kinder Morgan is lower compared to an average of ~3.2% over the last five years.

Short Interest in Kinder Morgan Has Risen 12%

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The above graph shows short interest in Kinder Morgan as a percentage of its float along with KMI’s stock price. The short interest as a percentage of float in KMI has been rising since mid-June. Short interest in KMI currently is at the highest level since the start of 2017.

Higher short interest in Kinder Morgan stock likely indicates that more investors expect its price to fall further soon.

Short interest ratio

For Kinder Morgan, the short interest is ~35.2 million shares, whereas the average daily trading volume is ~9 million shares. So, KMI’s short interest ratio is ~4x, which shows that it will take nearly four days to cover all open short positions in KMI’s stock.

Based on the latest data, short interest in Enterprise Products Partners (EPD) was ~27.3 million shares on August 31, 2017. This was 2.6% higher compared to 26.6 million shares on August 15, 2017. Similarly, short interest in ONEOK (OKE) rose nearly 5% to 12.7 million shares recently.

Learn about short interest in Calumet Specialty Products Partners (CLMT) in Calumet Specialty Products’ Short Interest Rose.

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