Plains Group Holdings L.P. June 15th Short Interest Update

Plains Group Holdings L.P. (NYSE:PAGP) has witnessed a rise of 14.5% or 1,118,889 shares in its short figure. The short interest augmentation took it from 7,702,812 on May 31,2016 to 8,821,701 on June 15,2016. In terms of floated shares, the short interest was calculated to be 3.4%. The days to cover are 3 given that the daily volume averaged 3,488,039 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Plains Group Holdings L.P. (NYSE:PAGP): The stock opened at $10.42 on Friday but the bulls could not build on the opening and the stock topped out at $10.90 for the day. The stock traded down to $10.37 during the day, due to lack of any buying support eventually closed down at $10.55 with a loss of -4.35% for the day. The stock had closed at $11.03 on the previous day. The total traded volume was 4,860,412 shares.

The company shares have dropped -60.14% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $26.86 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $10.06 and the 200 Day Moving Average price is recorded at $8.70.

Plains Group Holdings L.P. (NYSE:PAGP) has climbed 3.03% in the past week and advanced 16.83% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.74% and the outperformance has advanced to 20.37% for the last 4 weeks period.

Plains GP Holdings, L.P. (PAGP), owns an interest in the general partner and incentive distribution rights of Plains All American Pipeline, L.P (PAA). The Company has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. PAAs operational segments include Transportation, Facilities, and Supply and Logistics. The transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The facilities segment operations consist of fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas. The supply and logistics segment operations consist of merchant-related activities.

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