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Why Kinder Morgan Underperformed Its Peers Last Week

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Part 3
Why Kinder Morgan Underperformed Its Peers Last Week PART 3 OF 3

Short Interest in Kinder Morgan Rose 2% Recently

Short interest

The short interest as a percentage of float in Kinder Morgan (KMI) is 1.9%. It’s higher compared to 1.8% in mid-September. According to data released on September 26, 2017, the total number of Kinder Morgan shares shorted was ~35.9 million on September 15, 2017—2% higher compared to ~35.2 million on August 31, 2017. The short interest in Kinder Morgan is lower than the average of ~3.2% in the last five years.

Short Interest in Kinder Morgan Rose 2% Recently

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As the above graph shows, the short interest in Kinder Morgan has been rising since mid-June. Currently, the short interest in Kinder Morgan is at the highest level since the beginning of the year.

The higher short interest in Kinder Morgan likely indicates that more investors think its price will fall again soon.

Short interest ratio

The short interest in Kinder Morgan is ~35.9 million shares, while its average daily trading volume is ~8.6 million shares. So, Kinder Morgan’s short interest ratio is ~4.2x. The ratio shows that it will take more than four days to cover all of the open short positions in Kinder Morgan stock.

The short interest in Enterprise Products Partners (EPD) was ~26.4 million shares on September 15, 2017. It was 3.5% lower compared to 27.3 million shares on August 31, 2017. On the other hand, the short interest in ONEOK (OKE) rose nearly 20% to 15.2 million shares.

Read ETE Has Risen 3.4% in the Last Month: Will It Continue to Rise? to learn how Energy Transfer Equity (ETE) fared last month.

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