Short Interest Coverage: What’s Propelling Usd Partners LP (NYSE:USDP) After Lower Shorts Reported?

November 18, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Coverage: What’s Propelling Usd Partners LP (NYSE:USDP) After Lower Shorts Reported?

The stock of Usd Partners LP (NYSE:USDP) registered a decrease of 21.08% in short interest. USDP’s total short interest was 16,100 shares in November as published by FINRA. Its down 21.08% from 20,400 shares, reported previously. With 25,500 shares average volume, it will take short sellers 1 days to cover their USDP’s short positions. The short interest to Usd Partners LP’s float is 0.17%. About 8,550 shares traded hands. USD Partners LP (NYSE:USDP) has risen 48.72% since April 18, 2016 and is uptrending. It has outperformed by 44.29% the S&P500.

USD Partners LP is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The company has a market cap of $294.56 million. The Firm conducts its business through two divisions: Terminalling services and Fleet services. It has a 11.1 P/E ratio. The Company’s Terminalling services segment consists activities of Hardisty terminal, Casper terminal and Ethanol terminals.

USD Partners LP (NYSE:USDP) Ratings Coverage

Out of 3 analysts covering USD Partners LP (NYSE:USDP), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. USD Partners LP has been the topic of 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of USD Partners LP (NYSE:USDP) has “Buy” rating given on Tuesday, March 29 by Citigroup. The firm earned “Neutral” rating on Tuesday, October 18 by Janney Capital. The firm has “Outperform” rating by FBR Capital given on Monday, November 7. The stock has “Outperform” rating given by FBR Capital on Friday, September 9. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, July 21. The stock of USD Partners LP (NYSE:USDP) earned “Neutral” rating by Citigroup on Thursday, May 26.

USDP Company Profile

USD Partners LP (USD Partners), incorporated on June 5, 2014, is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The Firm conducts its business through two divisions: Terminalling services and Fleet services. The Company’s principal assets consist of a crude oil origination terminal in Hardisty, Alberta, Canada; a crude oil terminal in Casper, Wyoming, and two unit train-capable ethanol destination terminals in San Antonio, Texas and West Colton, California.

More important recent USD Partners LP (NYSE:USDP) news were published by: Nasdaq.com which released: “USD Partners LP (USDP) Ex-Dividend Date Scheduled for November 03, 2016” on November 02, 2016, also Businesswire.com published article titled: “USD Partners LP Announces Third Quarter 2016 Results”, Businesswire.com published: “USD Partners to Attend 2016 RBC Capital Markets MLP Conference” on November 15, 2016. More interesting news about USD Partners LP (NYSE:USDP) was released by: Reuters.com and their article: “BRIEF-USD Partners LP announces third quarter 2016 results” with publication date: November 02, 2016.

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By Clifton Ray


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