Short Interest Watching: It Seems Southcross Energy Partners LP (NYSE:SXE) Will Go Up. Just Reported Less Shorted Shares

November 17, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Watching: It Seems Southcross Energy Partners LP (NYSE:SXE) Will Go Up. Just Reported Less Shorted Shares

The stock of Southcross Energy Partners LP (NYSE:SXE) registered a decrease of 8.41% in short interest. SXE’s total short interest was 389,900 shares in November as published by FINRA. Its down 8.41% from 425,700 shares, reported previously. With 87,600 shares average volume, it will take short sellers 5 days to cover their SXE’s short positions. The short interest to Southcross Energy Partners LP’s float is 1.83%. The stock decreased 5.04% or $0.07 on November 16, hitting $1.32. Southcross Energy Partners LP (NYSE:SXE) has declined 34.65% since April 15, 2016 and is downtrending. It has underperformed by 39.28% the S&P500.

Southcross Energy Partners, L.P. is a limited partnership. The company has a market cap of $89.10 million. The Firm provides natural gas gathering, processing, treating, compression and transportation services, and natural gas liquid fractionation and transportation services. It currently has negative earnings. The Company’s products include Ethane, Propane, Normal Butane, Isobutane and Natural Gasoline.

Insitutional Activity: The institutional sentiment increased to 0.8 in Q2 2016. Its up 0.27, from 0.53 in 2016Q1. The ratio increased, as 6 funds sold all Southcross Energy Partners LP shares owned while 9 reduced positions. 6 funds bought stakes while 6 increased positions. They now own 3.53 million shares or 9.24% less from 3.89 million shares in 2016Q1.
Financial Professionals last reported 7,000 shares in the company. Pathstone Family Office Llc accumulated 500 shares or 0% of the stock. Weiss Multi has invested 0.06% of its portfolio in Southcross Energy Partners LP (NYSE:SXE). Credit Suisse Ag has 0% invested in the company for 140,978 shares. Toronto Dominion Commercial Bank has 14,982 shares for 0% of their US portfolio. Deutsche National Bank & Trust Ag has invested 0% of its portfolio in Southcross Energy Partners LP (NYSE:SXE). The Connecticut-based Ardsley Advisory Prtn has invested 0.01% in Southcross Energy Partners LP (NYSE:SXE). Jpmorgan Chase last reported 0% of its portfolio in the stock. Creative Planning holds 1,404 shares or 0% of its portfolio. Kcg Inc owns 10,016 shares or 0% of their US portfolio. Moreover, Manufacturers Life The has 0% invested in Southcross Energy Partners LP (NYSE:SXE) for 143 shares. The Florida-based Raymond James Services Advsrs Inc has invested 0% in Southcross Energy Partners LP (NYSE:SXE). Raymond James And Assocs reported 24,211 shares or 0% of all its holdings. National Bank & Trust Of America De holds 391,175 shares or 0% of its portfolio. Wells Fargo And Mn holds 22,189 shares or 0% of its portfolio.

Southcross Energy Partners LP (NYSE:SXE) Ratings Coverage

Out of 8 analysts covering Southcross Energy Partners (NYSE:SXE), 1 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 13% are positive. Southcross Energy Partners has been the topic of 13 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Raymond James given on Monday, August 10. The stock of Southcross Energy Partners LP (NYSE:SXE) earned “Sell” rating by Stifel Nicolaus on Thursday, March 17. The stock of Southcross Energy Partners LP (NYSE:SXE) has “Neutral” rating given on Monday, January 11 by Citigroup. Wells Fargo downgraded Southcross Energy Partners LP (NYSE:SXE) on Friday, January 8 to “Market Perform” rating. The firm earned “Buy” rating on Monday, August 10 by Stifel Nicolaus. The company was downgraded on Saturday, August 8 by Stifel Nicolaus. The stock of Southcross Energy Partners LP (NYSE:SXE) earned “Buy” rating by Wunderlich on Tuesday, October 20. As per Friday, January 8, the company rating was downgraded by Wunderlich. On Thursday, March 17 the stock rating was downgraded by JP Morgan to “Underweight”.

SXE Company Profile

Southcross Energy Partners, L.P., incorporated on April 12, 2012, is a limited partnership. The Firm provides natural gas gathering, processing, treating, compression and transportation services, and natural gas liquid (NGL) fractionation and transportation services. The Firm also sources, purchases, transports and sells natural gas and NGLs. The Company’s assets are located in South Texas, Mississippi and Alabama and include over four gas-processing plants, approximately two fractionation facilities and approximately 3,140 miles of pipeline. The Company’s products include Ethane, Propane, Normal Butane, Isobutane and Natural Gasoline.

More notable recent Southcross Energy Partners LP (NYSE:SXE) news were published by: Globenewswire.com which released: “Southcross Energy Partners, L.P. Reports Second Quarter 2016 Results” on August 05, 2016, also Wsj.com with their article: “Southcross Energy Parent Files for Bankruptcy” published on March 28, 2016, Businesswire.com published: “Southcross Energy Partners, L.P. Announces New Management Additions” on September 21, 2015. More interesting news about Southcross Energy Partners LP (NYSE:SXE) were released by: Globenewswire.com and their article: “Southcross Energy Partners, L.P. Announces Third Quarter 2016 Earnings Call” published on October 18, 2016 as well as Globenewswire.com‘s news article titled: “Southcross Energy Partners, L.P. Announces Actions to Enhance Liquidity” with publication date: January 08, 2016.

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By Ellis Scott

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