Kinder Morgan: Why Did the Short Interest Fall?
According to data released on July 11, the short interest in Kinder Morgan (KMI) stock fell from ~43.1 million shares on June 15 to 33.2 million shares on June 29. The short interest in Kinder Morgan as a percentage of its float is 1.7%. The short interest was 2.3% in mid-June. A fall in the short interest indicates that fewer investors expect Kinder Morgan’s stock price to fall more than the investors that expected a fall in mid-June.