Short Interest Coverage: Could Delek US Holdings Incorporated (NYSE:DK) Go Down After Its Newest Short Interest Report?

December 1, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Coverage: Could Delek US Holdings Incorporated (NYSE:DK) Go Down After Its Newest Short Interest Report?

The stock of Delek US Holdings Incorporated (NYSE:DK) registered a decrease of 7% in short interest. DK’s total short interest was 4.33 million shares in December as published by FINRA. Its down 7% from 4.66 million shares, reported previously. With 678,500 shares average volume, it will take short sellers 6 days to cover their DK’s short positions. The short interest to Delek US Holdings Incorporated’s float is 8.5%. About 6,899 shares traded hands. Delek US Holdings, Inc. (NYSE:DK) has risen 22.92% since April 28, 2016 and is uptrending. It has outperformed by 17.00% the S&P500.

Delek US Holdings, Inc. is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The company has a market cap of $1.33 billion. The Firm operates through three divisions: Refining, Logistics and Retail. It currently has negative earnings. The Company’s Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day .

Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.27, from 1.18 in 2016Q1. The ratio dropped, as 32 funds sold all Delek US Holdings, Inc. shares owned while 41 reduced positions. 27 funds bought stakes while 59 increased positions. They now own 55.59 million shares or 6.43% more from 52.23 million shares in 2016Q1.
Federated Investors Inc Pa last reported 0% of its portfolio in the stock. Grantham Mayo Van Otterloo And Commerce Limited Liability Co reported 13,800 shares or 0% of all its holdings. The New York-based Tiaa Cref Invest Ltd Liability Corporation has invested 0% in Delek US Holdings, Inc. (NYSE:DK). Shell Asset holds 0.02% or 65,520 shares in its portfolio. Nationwide Fund Advsrs reported 114,099 shares or 0.01% of all its holdings. Alliancebernstein Limited Partnership holds 90,690 shares or 0% of its portfolio. Van Eck Assoc Corp reported 18,472 shares or 0% of all its holdings. Cramer Rosenthal Mcglynn Lc holds 1.22M shares or 0.26% of its portfolio. Luminus Lc last reported 0.08% of its portfolio in the stock. Hbk L P last reported 0.03% of its portfolio in the stock. Public Employees Retirement Association Of Colorado holds 0% of its portfolio in Delek US Holdings, Inc. (NYSE:DK) for 15,626 shares. State Board Of Administration Of Florida Retirement Systems last reported 28,653 shares in the company. Paloma Mngmt holds 14,605 shares or 0% of its portfolio. Anandar Mgmt Lp has invested 1.67% of its portfolio in Delek US Holdings, Inc. (NYSE:DK). Qs Ltd Llc holds 0.02% or 139,014 shares in its portfolio.

Delek US Holdings, Inc. (NYSE:DK) Ratings Coverage

Out of 15 analysts covering Delek US Holdings (NYSE:DK), 4 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 27% are positive. Delek US Holdings has been the topic of 33 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, January 26. JP Morgan downgraded Delek US Holdings, Inc. (NYSE:DK) rating on Monday, July 11. JP Morgan has “Neutral” rating and $12 price target. The stock of Delek US Holdings, Inc. (NYSE:DK) earned “Outperform” rating by Credit Suisse on Monday, April 11. The stock has “Outperform” rating given by Wells Fargo on Wednesday, October 7. As per Monday, October 12, the company rating was maintained by Barclays Capital. The company was upgraded on Wednesday, December 16 by Raymond James. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, January 12 report. The stock has “Sector Perform” rating given by Howard Weil on Monday, July 11. The firm earned “Sector Perform” rating on Tuesday, August 30 by Howard Weil. The rating was downgraded by Barclays Capital on Wednesday, July 13 to “Equal-Weight”.

DK Company Profile

Delek US Holdings, Inc., incorporated on April 10, 2001, is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Firm operates through three divisions: Refining, Logistics and Retail.

More recent Delek US Holdings, Inc. (NYSE:DK) news were published by: Streetinsider.com which released: “Form 4 Delek Logistics Partners For: Nov 28 Filed by: Delek US Holdings, Inc.” on November 30, 2016. Also Globenewswire.com published the news titled: “Delek US Holdings to Participate in the Bank of America Merrill Lynch Global …” on November 14, 2016. Globenewswire.com‘s news article titled: “Delek US Holdings Comments on Colonial Outage” with publication date: November 01, 2016 was also an interesting one.

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By Adrian Mccoy


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