Energy Transfer Equity L.P. June 15th Short Interest Update

Energy Transfer Equity L.P. (NYSE:ETE), A drop of 1,173,618 shares or 2.6% was seen in the short interest of Energy Transfer Equity. Even as the interest dropped from 45,709,192 shares on May 31,2016 to 44,535,574 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 5.9% of the stocks floats. The stock has seen an average daily volume of 10,494,836 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Energy Transfer Equity L.P. (NYSE:ETE): The stock opened at $13.75 on Friday but the bulls could not build on the opening and the stock topped out at $14.27 for the day. The stock traded down to $13.52 during the day, due to lack of any buying support eventually closed down at $13.83 with a loss of -3.62% for the day. The stock had closed at $14.35 on the previous day. The total traded volume was 12,563,472 shares.

The company shares have dropped -56.93% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $33.06 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $13.00 and the 200 Day Moving Average price is recorded at $10.20.

Energy Transfer Equity L.P. (NYSE:ETE) has climbed 6.47% in the past week and advanced 18.81% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 8.23% and the outperformance has advanced to 22.41% for the last 4 weeks period.

Energy Transfer Equity, L.P. (ETE) is a limited partnership company. The Company, directly and indirectly, owns equity interests in Energy Transfer Partners, L.P. (ETP) and Regency Energy Partners LP (Regency), both of which are master limited partnerships engaged in diversified energy-related services. Its segments include Investment in ETP, including the consolidated operations of ETP and Regency; Investment in Lake Charles LNG, including the operations of Lake Charles LNG Company, LLC (Lake Charles LNG), and Corporate and Other, including the activities of ETE. The Companys Lake Charles LNG provides terminal services for shippers by receiving liquefied natural gas (LNG) at the facility for storage and delivering such liquefied natural gas (LNG) to shippers. It, through ETP, operates various brands, such as Sunoco, Stripes, Aplus, Aloha Island Mart, Exxon, Mobil, Valero, Shell and Chevron. In March 2015, ETE transferred its 45% interest in the Bakken Pipeline project to ETP.

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