Enbridge Energy L.P. (EEP) : The short interest in Enbridge Energy L.P. (EEP) has increased from 8,721,626 to 9,809,292 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,336,679 shares are traded daily in the stock and only 7 days are left for the shorts to cover. The short open interest is 4.6% of the total shares in the hands of the public. The shorts in the stock have gone up by 1,087,666 shares, which is an increase of 12.5% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Enbridge Energy L.P. (NYSE:EEP): The stock opened at $24.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.52 for the day. The stock traded down to $23.78 during the day, due to lack of any buying support eventually closed down at $23.99 with a loss of -1.92% for the day. The stock had closed at $24.46 on the previous day. The total traded volume was 772,049 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Vice President – Finance) of Enbridge Energy Partners Lp, Neyland Stephen J had purchased shares worth of $23,976 in a transaction dated on December 17, 2015. A total of 1,200 shares were purchased at a price of $19.98 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Enbridge Energy Partners, L.P. (the Partnership) is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States of America. The Companys activities include Interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. It operates in two segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead, North Dakota and Mid-Continent crude oil systems. The natural gas business includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities and NGL fractionation facilities.