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ETE’s, ENLC’s Short Interests Are above the Industry Average

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Short interest as a percentage of float

Short interest in EnLink Midstream LLC (ENLC) as a percentage of its float is the highest among its peers. ENLC’s 8.9% is followed by Energy Transfer Equity’s (ETE) 7.1%. The Alerian MLP Index (AMZ), which tracks 50 energy MLPs, has an average short interest ratio of 2.9%.

Short interests in ETE and ENLC are above the industry average. Short interest in Western Gas Equity Partners (WGP) and Plains GP Holdings (PAGP) are 3.2% and 2.7%, respectively, lower than the industry average.

A high short interest percentage or a rise in short interest generally indicate pessimism about a stock. However, this won’t necessarily result in a stock price fall. Short position holders could try to cover their short positions, which could result in a stock price rally.

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