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MPLX LP sees rise in short interest but reports higher revenue and beats earnings estimates.
MPLX LP, a midstream energy company, saw a 19.5% increase in short interest in January, reaching 11,010,000 shares.
Despite this, the company reported a 3.3% revenue rise in the latest quarter with earnings per share of $1.07, exceeding estimates.
MPLX pays a high 7.10% dividend, has institutional ownership of 24.25%, and analysts give it a "Moderate Buy" rating with a price target of $52.11.
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MPLX LP ve un aumento en el interés corto, pero reporta mayores ingresos y supera las estimaciones de ganancias.