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Kinder Morgan’s Key Indicators Changed Recently

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Part 3
Kinder Morgan’s Key Indicators Changed Recently PART 3 OF 3

Short Interest in Kinder Morgan Rose 17% Recently

Short interest in Kinder Morgan

The short interest as a percentage of floating shares in Kinder Morgan (KMI) is 2.8%. It’s higher compared to 2.4% at the end of October. According to data released on November 9, 2017, the total number of Kinder Morgan shares shorted was ~53.7 million on October 31, 2017—17% higher compared to ~45.9 million on October 13, 2017. However, 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 17% Recently

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As the above graph shows, the short interest in Kinder Morgan stock has risen steadily since mid-June. Currently, it’s at the highest level since the beginning of 2017. The higher short interest in Kinder Morgan might show that more investors think its price will fall soon.

Short interest ratio

The short interest in Kinder Morgan is ~53.7 million shares, while its average 30-day daily trading volume is ~11.4 million shares. Kinder Morgan’s short interest ratio is ~4.7x—calculated as the short interest divided by the average trading volume. The ratio indicates that it will take almost five days to cover all of the open short positions in Kinder Morgan stock.

The short interest in ONEOK (OKE) fell nearly 14% to ~11 million shares on October 31, 2017. The short interest in Enterprise Products Partners (EPD) stock was ~28.5 million shares on October 31, 2017. It was 2.4% lower compared to 29.2 million shares on October 13, 2017.

For an overview of MLPs’ 3Q17 performance, read Quarterly Results Roundup: MLPs’ Performance in 3Q17.

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