Plains All American’s Short Interest Rose
The short interest in Plains All American Pipeline (PAA) rose to 12.6 million shares on June 15 from 10.0 million shares on May 31. A rise in the short interest indicates that more investors expect the stock price to fall in the near future. Notably, investors’ expectations could be wrong. The short interest in Plains All American Pipeline as a percentage of its float is 3.0%—higher than its five-year average of ~1.6%.