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Analyzing Midstream Stocks with the Highest Short Interest

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Midstream stocks with high short interest

As of June 20, 2016, EnLink Midstream (ENLC) had the highest short interest-to-equity float ratio among midstream stocks at 11.9%. One month ago, it was 12.1%. Three months ago, it was 9.1%.

EnLink Midstream’s short interest-to-equity float ratio has been on an uptrend for the last three months. However, during this period, the stock rose 39.10%. The company’s net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) ratio is 4.67x. Its cash and cash equivalent were $26.8 million as of 1Q16.

Cheniere Energy Partners rose the least

Currently, Cheniere Energy Partners’ (CQP) short interest-to-equity float is 7.0%. One month ago, it was 7.2%. Three months ago, it was 5.0%. In the last three months, the stock has risen 2.3%—the least among the top five midstream companies with the highest short interest. Its net debt-to-EBITDA ratio was 170.31x in 1Q16. Its cash and cash equivalent were $411.78 million.

Energy Transfer Equity (ETE), NuStar Energy (NS), and DCP Midstream Partners (DPM) returned 60.5%, 22.1%, and 24.8%, respectively, in the last three months. Energy Transfer Equity’s short interest-to-equity float is 6.1%. One month ago, it was 8%. Three months ago, it was 10.7%. Its net debt-to-EBITDA ratio was 7.48x. Its cash and cash equivalent were $807 million at the end of 1Q16.

NuStar’s short interest-to-equity float is 5.3%. One month ago, it was 4.9%. Three months ago, it was 5.2%. Its net debt-to-EBITDA ratio was 5.73x. Its cash and cash equivalent were $130.91 million at the end of 1Q16.

DCP Midstream Partners’ short interest-to-equity float is 5.25%. One month ago, it was 5.38%. Three months ago, it was 5.26%. Its net debt-to-EBITDA ratio was 6.93x. Its cash and cash equivalent were $10 million at the end of 1Q16.

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