Short Interest Worth Watching: Is Buying DAKOTA PLAINS HOLDINGS UNDEFINED (OTCMKTS:DAKP), Having Lower Short Interest a Winning Strategy?

December 1, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Worth Watching: Is Buying DAKOTA PLAINS HOLDINGS UNDEFINED (OTCMKTS:DAKP), Having Lower Short Interest a Winning Strategy?

The stock of DAKOTA PLAINS HOLDINGS UNDEFINED (OTCMKTS:DAKP) registered a decrease of 46.3% in short interest. DAKP’s total short interest was 254,300 shares in December as published by FINRA. Its down 46.3% from 473,600 shares, reported previously. With 952,600 shares average volume, it will take short sellers 0 days to cover their DAKP’s short positions. The stock decreased 16.00% or $0.004 on November 30, hitting $0.021. About 1.25M shares traded hands or 264.95% up from the average. Dakota Plains Holdings Inc (OTCMKTS:DAKP) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.

Dakota Plains Holdings, Inc. is an integrated midstream energy company. The company has a market cap of $1.15 million. The Firm is engaged in operating the Pioneer Terminal, with services that include outbound crude oil storage, logistics and rail transportation, and inbound fracturing sand logistics. It has a 0.15 P/E ratio. The Firm has two operating divisions, which include the crude oil and frac sand transloading operations.

Insitutional Activity: The institutional sentiment decreased to 0.13 in 2016 Q2. Its down 0.42, from 0.55 in 2016Q1. The ratio dived, as 6 funds sold all Dakota Plains Holdings Inc shares owned while 5 reduced positions. 3 funds bought stakes while 3 increased positions. They now own 6.76 million shares or 2.04% more from 6.62 million shares in 2016Q1.
Blackrock Institutional Trust Na last reported 66,594 shares in the company. Ns Advsr Limited Liability Corp, a Connecticut-based fund reported 3.41 million shares. Blackrock Advisors Limited Liability Com holds 0% of its portfolio in Dakota Plains Holdings Inc (OTCMKTS:DAKP) for 17,287 shares. Ingalls & Snyder Limited Company, a New York-based fund reported 16,838 shares. Teton Advisors Inc, a New York-based fund reported 15,000 shares. Financial Bank Of America Corporation De last reported 0% of its portfolio in the stock. Moreover, Geode Cap Mgmt Ltd Liability Co has 0% invested in Dakota Plains Holdings Inc (OTCMKTS:DAKP) for 555,860 shares. Northern Trust Corporation reported 34,631 shares or 0% of all its holdings. Moreover, Raymond James Financial Ser Advisors has 0% invested in Dakota Plains Holdings Inc (OTCMKTS:DAKP) for 15,000 shares. Kcg Hldgs Inc has invested 0% of its portfolio in Dakota Plains Holdings Inc (OTCMKTS:DAKP). Northrock Prtnrs Ltd Liability holds 0.02% or 444,600 shares in its portfolio. Goldman Sachs Grp last reported 0% of its portfolio in the stock. Vanguard Inc has invested 0% of its portfolio in Dakota Plains Holdings Inc (OTCMKTS:DAKP). Moreover, Perkins Cap Mngmt has 0.12% invested in Dakota Plains Holdings Inc (OTCMKTS:DAKP) for 977,500 shares. The New York-based Clear Harbor Asset Mngmt Limited Com has invested 0.01% in Dakota Plains Holdings Inc (OTCMKTS:DAKP).

DAKP Company Profile

Dakota Plains Holdings, Inc., incorporated on November 10, 2004, is an integrated midstream energy company. The Firm is engaged in operating the Pioneer Terminal, with services that include outbound crude oil storage, logistics and rail transportation, and inbound fracturing (frac) sand logistics. The Firm has two operating divisions, which are the crude oil and frac sand transloading operations. The Pioneer Terminal is located in Mountrail County, North Dakota. The Company’s frac sand business provides services for UNIMIN Corporation (UNIMIN), which is a producer of quartz proppant and the supplier of frac sand to exploration and production operating companies in the Williston Basin.

More notable recent Dakota Plains Holdings Inc (OTCMKTS:DAKP) news were published by: Prnewswire.com which released: “DAKOTA PLAINS INVESTOR ALERT: Hagens Berman Alerts Dakota Plains Holdings, Inc …” on November 08, 2016, also Prnewswire.com with their article: “Lone Star Value Criticizes Anti-Stockholder Actions at Dakota Plains” published on August 23, 2016, Businesswire.com published: “Dakota Plains Holdings, Inc. Announces Resignation of Chief Financial Officer” on April 04, 2016. More interesting news about Dakota Plains Holdings Inc (OTCMKTS:DAKP) were released by: Streetinsider.com and their article: “NYSE MKT to Immediately Suspend Trading in Dakota Plains Holdings, Inc. (DAKP …” published on June 30, 2016 as well as Seekingalpha.com‘s news article titled: “Dakota Plains – Oil By Rail Faces Competition (DAKP)” with publication date: May 26, 2015.

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By Nellie Frank

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