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How Short Interest in Tallgrass Energy Partners Changed Recently

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Mar. 1 2018, Updated 4:00 p.m. ET

Short interest

Short interest in Tallgrass Energy Partners (TEP) as a percentage of its float is 9.2%—higher than its short interest of 7.3% at the end of January 2018. 

According to the data released on February 27, 2018, the total number of Tallgrass Energy Partners shares shorted was ~4.3 million on February 15, 2018—25.1% higher compared to ~3.4 million on January 31, 2018.

The current short interest in Tallgrass Energy Partners is higher than its average of 3.6% over the last four years.

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As we can see in the graph above, the recent increase in short interest was associated with a fall in Tallgrass Energy Partners’ stock price. The recent rise in Tallgrass Energy Partners’ short interest may indicate that more investors think its price will fall soon compared to those who expected a fall at the end of January 2018.

Short interest ratio

Short interest in Tallgrass Energy Partners is ~4.3 million shares, while its average 30-day daily trading volume is ~0.6 million shares. Tallgrass Energy Partners’ short interest ratio is ~7.6x. The ratio indicates that it will take about eight days to cover all of the open short positions in Tallgrass Energy Partners stock.

The short interest in Enbridge Energy Partners (EEP) was ~5.8 million shares on February 15, 2018—8% lower than its short interest of 6.3 million shares on January 31, 2018. Short interest in TC PipeLines (TCP) was relatively flat at ~1.5 million shares on February 15, 2018.

Next, let’s see how institutional investors have changed their TEP holdings recently.

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