Short Interest Update on Plains Group Holdings L.P. (PAGP)

Plains Group Holdings L.P. (PAGP) : Traders are increasing their bearish positions on the stock, as is visible by the 18.2% jump in the outstanding short positions; a total addition of 1,262,096 shares on the sell side. On Jul 29, 2016, the total short positions were 6,947,025 shares, which went up to 8,209,121 shares by the close of trading on August 15, 2016. It will take 3 days for the bears to roll over or cover. An average of 2,684,244 shares exchange hands daily. 3.2% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Plains Group Holdings L.P. (NYSE:PAGP): The stock opened at $11.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.49 for the day. The stock traded down to $11.14 during the day, due to lack of any buying support eventually closed down at $11.24 with a loss of -1.92% for the day. The stock had closed at $11.46 on the previous day. The total traded volume was 868,507 shares.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Plains Gp Holdings Lp, Armstrong Greg L had purchased shares worth of $5,860,000 in a transaction dated on February 10, 2016. A total of 1,000,000 shares were purchased at a price of $5.86 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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