S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
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Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
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Stock market today: Asian shares gain despite Wall Street's tech-led retreat
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Stock market today: Asian shares gain despite Wall Street's tech-led retreat
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Stock market today: Asian shares gain despite Wall Street's tech-led retreat
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Stock market today: Asian shares gain despite Wall Street's tech-led retreat
Prologis Stock Leading U.S. Logistics Boom

Targa Resources (TRGP) Short Interest Ratio & Short Volume

$112.22
-1.85 (-1.62%)
(As of 04/17/2024 ET)

Targa Resources Short Interest Data

Current Short Volume
3,770,000 shares
Previous Short Volume
4,320,000 shares
Change Vs. Previous Month
-12.73%
Dollar Volume Sold Short
$422.20 million
Short Interest Ratio / Days to Cover
2.2
Last Record Date
March 31, 2024
Outstanding Shares
222,540,000 shares
Float Size
218,120,000 shares
Short Percent of Float
1.73%
Today's Trading Volume
2,013,188 shares
Average Trading Volume
1,749,238 shares
Today's Volume Vs. Average
115%
cover of A Guide to High-Short-Interest Stocks and How to Trade Them ebook
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TRGP Short Interest Over Time

TRGP Days to Cover Over Time

TRGP Percentage of Float Shorted Over Time

Targa Resources Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/20243,770,000 shares $422.20 million -12.7%1.7%2.2 $111.99
3/15/20244,320,000 shares $457.92 million +7.7%2.0%2.6 $106.00
2/29/20244,010,000 shares $393.94 million -0.5%1.8%2.4 $98.24
2/15/20244,030,000 shares $375.96 million +16.8%1.8%2.4 $93.29
1/31/20243,450,000 shares $293.01 million +19.4%1.6%2.2 $84.93
1/15/20242,890,000 shares $242.24 million -12.2%1.3%1.8 $83.82
12/31/20233,290,000 shares $285.80 million -12.3%1.5%2 $86.87
12/15/20233,750,000 shares $320.29 million +6.5%1.7%2.2 $85.41
11/30/20233,520,000 shares $318.38 million +2.6%1.6%2 $90.45
11/15/20233,430,000 shares $295.87 million -3.7%1.6%2.1 $86.26
10/31/20233,560,000 shares $297.65 million +1.1%1.6%2.1 $83.61
10/15/20233,520,000 shares $307.01 million -0.6%1.6%2.2 $87.22
9/30/20233,540,000 shares $303.45 million -10.2%1.6%2.3 $85.72
9/15/20233,940,000 shares $333.56 million +11.6%1.8%2.6 $84.66
8/31/20233,530,000 shares $304.48 million -0.8%1.6%2.3 $86.26
8/15/20233,560,000 shares $299.29 million +18.7%1.6%2.3 $84.07
7/31/20233,000,000 shares $245.96 million -7.7%1.4%1.9 $81.99
7/15/20233,250,000 shares $253.60 million +1.3%1.5%2 $78.03
6/30/20233,210,000 shares $244.28 million +15.1%1.4%2 $76.10
6/15/20232,790,000 shares $200.52 million -2.1%1.3%1.8 $71.87
5/31/20232,850,000 shares $193.94 million -14.4%1.3%1.7 $68.05
5/15/20233,330,000 shares $235.70 million No Change1.5%1.9 $70.78
4/30/20233,330,000 shares $251.51 million -2.9%1.5%2 $75.53
4/15/20233,430,000 shares $267.23 million -6.8%1.5%2.1 $77.91
3/31/20233,680,000 shares $268.46 million -3.2%1.7%2.3 $72.95
3/15/20233,800,000 shares $258.97 million -15.6%1.7%2.4 $68.15
2/28/20234,500,000 shares $333.45 million +6.9%2.0%3 $74.10
2/15/20234,210,000 shares $322.07 million +2.9%1.9%2.9 $76.50
1/31/20234,090,000 shares $306.83 million -11.5%1.8%2.9 $75.02
1/15/20234,620,000 shares $348.35 million +2.9%2.1%3.1 $75.40
12/30/20224,490,000 shares $330.02 million +2.5%2.0%1.9 $73.50
12/15/20224,380,000 shares $311.46 million -14.0%2.0%1.8 $71.11
11/30/20225,090,000 shares $378.65 million -12.7%2.3%2 $74.39
11/15/20225,830,000 shares $432.53 million +3.0%2.6%2.4 $74.19
10/31/20225,660,000 shares $386.97 million -21.5%2.6%2.3 $68.37
10/15/20227,210,000 shares $468.36 million +85.4%3.2%3 $64.96
9/30/20223,890,000 shares $234.72 million -1.5%1.8%1.7 $60.34
9/15/20223,950,000 shares $284.99 million +6.8%1.8%2.4 $72.15
8/31/20223,700,000 shares $252.45 million -10.6%1.7%2.1 $68.23
8/15/20224,140,000 shares $282.22 million +7.3%1.9%2 $68.17
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TRGP Short Interest - Frequently Asked Questions

What is Targa Resources' current short interest?

Short interest is the volume of Targa Resources shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 3,770,000 shares of TRGP short. 1.73% of Targa Resources' shares are currently sold short. Learn More on Targa Resources' current short interest.

What is a good short interest ratio for Targa Resources?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. TRGP shares currently have a short interest ratio of 2.0. Learn More on Targa Resources's short interest ratio.

Which institutional investors are shorting Targa Resources?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Targa Resources: Portman Square Capital LLP, GTS Securities LLC, Wolverine Trading LLC, Paloma Partners Management Co, Citadel Advisors LLC, Capital Fund Management S.A., PEAK6 Investments LLC, Dymon Asia Capital Singapore PTE. LTD., Capstone Investment Advisors LLC, UBS Group AG, Concourse Financial Group Securities Inc., Simplex Trading LLC, Portman Square Capital LLP, and Cutler Group LLC CA. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Targa Resources?

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 1.73% of Targa Resources' floating shares are currently sold short.

Is Targa Resources' short interest increasing or decreasing?

Targa Resources saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,770,000 shares, a decrease of 12.7% from the previous total of 4,320,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

What is Targa Resources' float size?

Targa Resources currently has issued a total of 222,540,000 shares. Some of Targa Resources' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Targa Resources currently has a public float of 218,120,000 shares.

How does Targa Resources' short interest compare to its competitors?

1.73% of Targa Resources' shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Targa Resources: Kinder Morgan, Inc. (2.29%), The Williams Companies, Inc. (1.86%), TC Energy Co. (10.75%), Antero Midstream Co. (4.09%), Energy Transfer LP (1.11%), Enterprise Products Partners L.P. (1.30%), Cheniere Energy Partners, L.P. (2.70%), Coterra Energy Inc. (2.34%), Pembina Pipeline Co. (1.31%), Baker Hughes (2.52%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

What does it mean to sell short Targa Resources stock?

Short selling TRGP is an investing strategy that aims to generate trading profit from Targa Resources as its price is falling. TRGP shares are trading down $1.84 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Targa Resources?

A short squeeze for Targa Resources occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of TRGP, which in turn drives the price of the stock up even further.

How often is Targa Resources' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including TRGP, twice per month. The most recent reporting period available is March, 31 2024.



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This page (NYSE:TRGP) was last updated on 4/18/2024 by MarketBeat.com Staff

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