Delek Logistics Partners, LP Short Sellers Are in a State of Panic – Here’s Why

Delek Logistics Partners, LP (NYSE:DKL) has been making headlines in the past few weeks, and the latest news is causing quite a stir among investors and short sellers alike. According to recent data, Delek Logistics Partners, LP saw a significant drop in short interest in the month of September, leaving many to wonder what this means for the company’s future.

As of September 15th, the short interest in Delek Logistics Partners, LP totalled 443,400 shares, a drop of 8.9% from the August 31st total of 486,500 shares. This significant decline in short interest is a telling sign that investors are becoming more confident in the company’s ability to bounce back and perform well in the long term.

But what exactly is short interest, and why is it such a big deal? In simple terms, short interest is a measure of the number of shares that investors have sold short, but have not yet covered. A high short interest can indicate that investors are expecting the company’s stock price to fall, while a low short interest suggests that investors are more optimistic about the company’s future.

So, what does this mean for Delek Logistics Partners, LP? Based on an average trading volume of 89,400 shares, the days-to-cover ratio stands at approximately 5 days. This suggests that if short sellers were to cover their positions, it could lead to a significant increase in the stock price, as buying pressure would increase.

This news is likely to be music to the ears of long-term investors in Delek Logistics Partners, LP, who have been patiently waiting for the company to turn things around. With short sellers covering their positions and investor confidence increasing, it could be a turning point for the company.

However, it’s worth noting that the stock market can be unpredictable, and anything can happen. Investors should always do their own research and consider their own risk tolerance before making any investment decisions.