Short interest in EMES

According to data released on December 11, short interest as a percentage of floating shares in Emerge Energy Services (EMES) on November 30 was 5.6%, compared to 5.8% on November 15. The total EMES shares shorted fell from ~1.64 million to ~1.58 million. The current short interest in EMES is also lower than the four-year average of ~6.7%.

Why Short Interest in Hi-Crush Partners Rose 5%

The recent fall in short interest in Emerge Energy Services stock likely indicates that fewer investors expect its price to fall further than those that expected a fall in mid-November. Notably, investors could be mistaken in their expectations.

The short interest ratio for Emerge Energy Services is ~3x, which indicates that it would take nearly three days to cover all of the open short positions in EMES stock. The above chart shows the trend in short interest as a percentage of the float for Hi-Crush Partners (HCLP) and Emerge Energy Services in 2017.

Short interest in HCLP

Short interest as a percentage of float in Hi-Crush Partners on November 30 was 10.1%, higher than the 9.6% we saw in mid-November. The total HCLP shares shorted rose from ~7.5 million to ~7.9 million. The current short interest in HCLP is higher than the four-year average of ~5%. As the above graph shows, short interest in HCLP has been on a rising trend since the start of 2017.

The short interest ratio for Hi-Crush Partners is ~4x, which indicates that it would take nearly four days to cover all of the open short positions in Hi-Crush Partners stock.

Let’s see what analysts recommend for Emerge Energy Services and Hi-Crush Partners stocks next in this series.

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