Targa Resources Surges 0.62% Amid Short Covering and Analyst Upgrades Despite Ranking 330th in Daily Trading Volume

On August 11, 2025, Targa Resources (TRGP) closed with a 0.62% gain, trading with a daily volume of $310 million, ranking 330th in market activity. The stock’s performance followed a series of developments influencing investor sentiment and technical indicators.

Short interest in TRGP has declined significantly, with 2.25% of float sold short, down 16.04% from the previous report. This reduction suggests a shift in market positioning, as traders now require only 3.52 days to cover short positions, reflecting improved near-term confidence. The company’s short interest ratio of 2.25% trails its peer group average of 3.53%, indicating relatively lower bearish pressure compared to industry rivals.

Recent analyst activity has added momentum to the stock. Institutional investors, including TD Cowen and RBC Capital, have upgraded price targets, with RBC raising TRGP’s target to $205. Additionally, Targa announced a 733% dividend increase to $1 per share, a move that prompted analysts to reaffirm outperform ratings and triggered a wave of institutional buying from entities like WESPAC Advisors and Edgestream Partners.

The strategy of purchasing top 500 stocks by daily trading volume and holding for one day delivered a 166.71% return from 2022 to the present, outperforming the benchmark by 137.53%. This underscores the role of liquidity concentration in short-term performance, particularly in volatile markets.