MPLX's Short Interest Rises 11.23% with 7.76 Million Shares Sold Short

MPLX's short percent of float has risen 11.23% to 2.08% of its regular shares available for trading, with 7.76 million shares sold short. The short interest is less than the peer group average of 3.54%, which may indicate a bullish sentiment. The short interest graph shows an increase in short interest over the past three months.

MPLX LP (NYSE: MPLX), a midstream energy company, has seen its short interest increase by 11.23% to 2.08% of its regular shares available for trading, with 7.76 million shares sold short [1]. This increase, while significant, remains below the peer group average of 3.54%, suggesting a potential bullish sentiment among investors [2].

Short interest is the number of shares sold short but not yet covered or closed out. An increase in short interest can signal a shift in market sentiment, with investors becoming more bearish on the stock. However, the fact that MPLX's short interest is below the average for its peers suggests that more investors are still optimistic about the company's prospects.

The short interest graph for MPLX shows a steady increase over the past three months, indicating that more investors are taking a bearish stance on the stock. However, the company's short interest ratio, which measures the number of shares sold short relative to its average trading volume, is currently at 6.0, indicating a moderate level of pessimism [1].

MPLX recently priced a $4.5 billion public offering of unsecured senior notes, with maturities ranging from 2031 to 2055. The company plans to use part of the proceeds to fund its pending acquisition of Northwind Delaware Holdings LLC and to boost liquidity following the recently completed acquisition of the remaining 55% interest in BANGL, LLC [2]. This move could indicate that the company is preparing for future growth and expansion, which could be a positive signal for investors.

In conclusion, while MPLX's short interest has risen, the fact that it remains below the peer group average suggests a potential bullish sentiment among investors. However, it is essential to monitor the company's financial performance and market conditions closely to assess the impact of the short interest on its stock price.

References:
[1] https://www.marketbeat.com/stocks/NYSE/MPLX/short-interest/
[2] https://seekingalpha.com/news/4482242-mplx-prices-45b-debt-offering