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.

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