What Are Investors’ True Sentiments Toward Energy Transfer LP?

Energy Transfer LP: Recent Short Interest Update

Energy Transfer LP (NYSE: ET) has experienced a 3.12% increase in short interest as a percentage of its float since the previous report. Current data shows that there are 30.69 million shares sold short, representing 0.99% of the total shares available for trading. At the current trading volume, it would take an average of 2.41 days for traders to cover these short positions.

Understanding Short Interest

Short interest refers to the total number of shares that have been sold short but have not yet been repurchased or closed. Short selling involves selling shares that the trader does not own, anticipating a decline in the stock price. If the price drops, the trader profits; if it rises, the trader faces a loss.

Monitoring short interest is valuable because it provides insight into how investors feel about a particular stock. A rise in short interest may indicate growing pessimism, while a decline could suggest increasing optimism among investors.

Short Interest Trends for Energy Transfer LP

The chart above illustrates that the proportion of Energy Transfer LP shares sold short has increased since the last update. While this does not necessarily predict an imminent decline in the stock price, it is important for traders to note the growing number of shorted shares.

How Energy Transfer LP Compares to Its Peers

Analysts and investors often use peer comparison to evaluate a company’s performance. Peers are typically companies with similar industry backgrounds, sizes, ages, or financial structures. Peer groups can be identified through regulatory filings or independent analysis.

According to Benzinga Pro, the average short interest as a percentage of float among Energy Transfer LP’s peers is 3.38%. This means Energy Transfer LP currently has a lower short interest than most comparable companies.