Short Interest Update on Tallgrass Energy GP LP (TEGP)

Tallgrass Energy GP LP (TEGP) : The short interest in Tallgrass Energy GP LP (TEGP) has changed with an increase of 346,822 shares and the open interest is 19%. From 1,821,151 short positions on Jul 29, 2016, the shorts increased to 2,167,973 shares by August 15, 2016. There are 12 more days left for the expiry and the daily trading volume of the stock is 181,997 shares. The total interest of shorts is 4.6% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

Tallgrass Energy GP LP (NYSE:TEGP): The stock opened at $23.43 on Wednesday but the bulls could not build on the opening and the stock topped out at $23.44 for the day. The stock traded down to $22.99 during the day, due to lack of any buying support eventually closed down at $23.12 with a loss of -1.87% for the day. The stock had closed at $23.56 on the previous day. The total traded volume was 165,414 shares.

Tallgrass

In a related news, Brauchle Gary J, officer of Tallgrass Energy Gp, Lp had purchased 6,450 shares on December 11, 2015 in a transaction. The price per share was $16.13 and the total amount of the disclosed transaction was $104,039.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Tallgrass Energy GP, LP (TEGP) is a limited partnership company. The Company holds indirect interests in the general partner of Tallgrass Energy Partners, LP (TEP), including all of TEPs incentive distribution rights. TEP is engaged in the transportation, storage and processing of natural gas, the transportation of crude oil and the provision of water business services primarily to the oil and gas exploration and production industry. TEPs business segments are Natural Gas Transportation & Logistics, which includes the ownership and operation of interstate natural gas pipelines and natural gas storage facilities; Crude Oil Transportation & Logistics, which includes the ownership and operation of a crude oil pipeline system, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, as well as water business services provided to the oil and gas exploration and production industry.

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