Short interest

The short interest as a percentage of float in Calumet Specialty Products Partners (CLMT) stock is 0.9%—higher compared to 0.8% at the end of August. According to data released on September 12, 2017, the total number of Calumet Specialty Products Partners shares shorted was ~0.54 million on August 31, 2017—15% higher than the ~0.47 million shorted shares on August 15, 2017. The short interest in Calumet Specialty Products Partners stock is on the lower side compared to the average of ~1.8% in the past five years.

Calumet Specialty Products’ Short Interest Rose

The recent rise in the short interest in Calumet Specialty Products Partners stock likely indicates that more investors expect its price to fall—compared to the number of investors that expected a fall in mid-August.

As the above graph shows, the short interest in Calumet Specialty Products Partners as a percentage of its float fell significantly at the end of May. The short interest is currently lower than at the beginning of the year.

Short interest ratio

For Calumet Specialty Products Partners, the short interest is ~0.54 million shares, while the average daily trading volume is ~0.7 million shares. Calumet Specialty Products Partners’ short interest ratio is ~1x, which indicates that it would take nearly one day to cover all of the open short positions in Calumet Specialty Products Partners stock.

Recently, the short interest in Emerge Energy Services (EMES) fell. To learn more, read Short Interest in Emerge Energy Services: The Recent Fall.

In the next part, we’ll discuss Wall Street analysts’ recommendations for Calumet Specialty Products Partners and its peers.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

14 Jun

Why Kimberly-Clark Stock May Stop Rising


Kimberly-Clark (KMB) stock has risen 20.5% this year, boosted by the company’s better-than-expected sales and earnings during its last reported quarter. However, its stock could stop climbing. Here's why.