Delek Logistics Partners (DKL) Short Interest Ratio & Short Volume

Short interest is the volume of Delek Logistics Partners shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 172,300 shares of DKL short. 1.95% of Delek Logistics Partners' shares are currently sold short. Learn More on Delek Logistics Partners' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. DKL shares currently have a short interest ratio of 3.0. Learn More on Delek Logistics Partners's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Delek Logistics Partners: Wolverine Trading LLC, Simplex Trading LLC, and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 1.95% of Delek Logistics Partners' floating shares are currently sold short.

Delek Logistics Partners saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 172,300 shares, an increase of 88.5% from the previous total of 91,400 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Delek Logistics Partners currently has issued a total of 43,600,000 shares. Some of Delek Logistics Partners' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Delek Logistics Partners currently has a public float of 8,820,000 shares.

1.95% of Delek Logistics Partners' shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Delek Logistics Partners: NuStar Energy L.P. (2.49%), Holly Energy Partners, L.P. (3.71%), Genesis Energy, L.P. (2.75%), Atlantica Sustainable Infrastructure plc (2.40%), Vermilion Energy Inc. (1.69%), Oceaneering International, Inc. (3.36%), Callon Petroleum (25.60%), Crescent Energy (7.44%), Archrock, Inc. (3.20%), Transportadora de Gas del Sur S.A. (0.25%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling DKL is an investing strategy that aims to generate trading profit from Delek Logistics Partners as its price is falling. DKL shares are trading up $0.69 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Delek Logistics Partners occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of DKL, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including DKL, twice per month. The most recent reporting period available is November, 15 2023.