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Marathon Petroleum: Analyzing the Short Interest

Michelle Rey
Marathon Petroleum: Analyzing the Short Interest

The short interest, represented as a percentage of outstanding shares, in Marathon Petroleum (MPC) has risen from 5.4% on July 2, the beginning of the third quarter, to the current level of 7.8%. Usually, a rise in the short interest implies an increase in the bearish sentiment for the stock. During the same period, Marathon Petroleum stock has risen 10.7%.