Plains All American Pipeline L.P. (NYSE:PAA), A increase of 3,063,990 shares or 68.2% was observed in the short interest of Plains All American Pipeline The interest on June 15,2016 came in at 7,555,340 shares and as per the average daily trading of 2,999,007 shares, the days to cover are 3. The increased interest is 1.9% of the floated shares. The data of May 31,2016 put the interest at 4,491,350 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Plains All American Pipeline L.P. (NYSE:PAA): The stock opened at $27.05 on Friday but the bulls could not build on the opening and the stock topped out at $28.19 for the day. The stock traded down to $26.62 during the day, due to lack of any buying support eventually closed down at $26.85 with a loss of -5.79% for the day. The stock had closed at $28.50 on the previous day. The total traded volume was 2,590,687 shares.
The company shares have dropped -38.49% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $44.29 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $25.19 and the 200 Day Moving Average price is recorded at $22.44.
Plains All American Pipeline L.P. (NYSE:PAA) has climbed 0.37% in the past week and advanced 20.67% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.04% and the outperformance has advanced to 24.33% for the last 4 weeks period.
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Companys 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.