Energy Transfer LP: Short Interest Falls 3.23%, Traders Take 2.07 Days to Cover Positions

Energy Transfer's short interest has fallen 3.23% since its last report, with 27.69 million shares sold short, representing 0.9% of all regular shares available for trading. The short interest is lower than its peer group average of 3.59%, which can be seen as a bullish signal. The company's short interest graph shows a decline in short interest over the past three months.

Energy Transfer LP (ET) has seen a significant decrease in its short interest, which could signal a positive outlook for the company. As of the latest report, ET's short interest has fallen by 3.23% since its last update, with 27.69 million shares sold short, representing 0.9% of all regular shares available for trading [1]. This decline in short interest is lower than the average short interest ratio of 3.59% for its peer group, indicating a bullish sentiment among investors.

The company's short interest ratio, also known as the "days to cover ratio," has decreased to 2.6, suggesting that it would take approximately 2.6 days of average trading volume (14.54 million shares) to cover all short positions [1]. This ratio indicates a strong positive sentiment about the stock, as a ratio between 1 and 4 generally suggests a lack of significant short selling.

The decline in short interest is part of a broader trend observed over the past three months, as shown by the company's short interest graph. This downward trend is notable and can be interpreted as a sign of improving investor confidence in ET's prospects.

ET's short interest decline is also reflected in the actions of major institutional investors. As of the most recent reporting period, key shareholders such as JPMorgan Chase & Co., Barclays PLC, and Jane Street Group LLC have reported short positions, but the overall volume has decreased [1]. This reduction in short positions suggests that investors are becoming more optimistic about ET's future performance.

Additionally, Energy Transfer LP's recent stock performance has been mixed. The company closed at $17.75 in the latest trading session, marking a -1.22% move from the prior day. While this represents a slight decline, it is important to note that the stock has shown resilience in the face of broader market fluctuations. Analysts and investors are closely monitoring the company's upcoming earnings disclosure, which is anticipated to report an EPS of $0.32, a decrease of 8.57% compared to the same quarter of the previous year [2, 3]. Despite this, the company's revenue is expected to increase by 19.31% to $24.73 billion, reflecting strong underlying business trends.

In conclusion, Energy Transfer LP's decline in short interest is a positive indicator of investor sentiment. The company's lower short interest ratio and the reduction in short positions by major institutional investors suggest a bullish outlook. However, investors should continue to monitor the company's earnings reports and broader market conditions to make informed investment decisions.

References:
[1] https://www.marketbeat.com/stocks/NYSE/ET/short-interest/
[2] https://sg.finance.yahoo.com/news/energy-transfer-lp-et-suffers-214503564.html
[3] https://finance.yahoo.com/news/energy-transfer-lp-et-suffers-214503564.html