Enbridge Energy Management, L.L.C. (NYSE:EEQ) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,752,727 shares, a decrease of 41.9% from the January 12th total of 3,017,320 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 679,252 shares, the short-interest ratio is currently 2.6 days.
Shares of Enbridge Energy Management (NYSE EEQ) opened at $12.53 on Thursday. Enbridge Energy Management has a 1-year low of $11.98 and a 1-year high of $19.00. The company has a market cap of $1,166.62, a PE ratio of -164.54 and a beta of 1.16.
A number of analysts have recently weighed in on EEQ shares. ValuEngine lowered shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, January 3rd. Royal Bank of Canada reiterated a “hold” rating and set a $21.00 target price on shares of Enbridge Energy Management in a report on Monday, October 30th. Bank of America started coverage on shares of Enbridge Energy Management in a report on Tuesday, January 9th. They set an “underperform” rating and a $14.00 target price for the company. Finally, Morgan Stanley lowered shares of Enbridge Energy Management from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 11th. Four analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. Enbridge Energy Management has a consensus rating of “Sell” and a consensus target price of $17.50.
TRADEMARK VIOLATION NOTICE: “Enbridge Energy Management, L.L.C. (EEQ) Short Interest Down 41.9% in January” was published by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/15/enbridge-energy-management-l-l-c-eeq-short-interest-down-41-9-in-january.html.
About Enbridge Energy Management
Enbridge Energy Management, LLC is a limited partner of Enbridge Energy Partners, L.P. (the Partnership). The Company owns i-units, a special class of the Partnership’s limited partner interests. The Company manages the business of the Partnership. The Partnership owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States.
Receive News & Ratings for Enbridge Energy Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Energy Management and related companies with MarketBeat.com's FREE daily email newsletter.