NuStar Logistics, L.P. 7.625% F (NYSE:NSS) Experiences Lighter than Usual Trading Volume


Trading was light with 2,823 shares changing hands by the end of trading on Friday. Overall, volume was down 95.34% under the stocks normal daily volume.

Short traders are more bullish of late as evidenced by the motion in short interest. The company experienced a fall in short interest between August 15, 2017 and August 31, 2017 of -0.54%. Short shares fell from 29,934 to 29,773 over that period. The short-interest ratio increased to 3.0 and the percentage of shorted shares is 0.00% as of August 31.

The company is so far trading down from yesterday’s close of 25.21. Shares of the company are trading at $25.19 which is slightly below $25.52, the stock’s 50 day moving average and a tad below the 200 day moving average of $25.67. The 50 day moving average went down $-0.33 or -1.30% whereas the 200 day average was down by -1.86%.

NuStar Logistics, L.P. engages in the terminalling, storage, and transportation of petroleum products; the transportation of anhydrous ammonia; and the refining and marketing of petroleum. The company operates in three segments: Storage, Transportation, and Asphalt and Fuels Marketing. The Storage segment operates terminal and storage facilities that provide storage and handling services for petroleum products, specialty chemicals, crude oil and other feedstocks, and other liquids; and storage tanks that are used to store and deliver crude oil. This segment also provides various services, such as blending, filtering, pilotage, tug assistance, line handling, launch, emergency response, and other ship services. The Transportation segment transports refined petroleum products, crude oil, and anhydrous ammonia. The Asphalt and Fuels Marketing segment refines crude oil to produce asphalt and certain other refined products; and purchases crude oil and other refined petroleum products for resale. NuStar Logistics serves producers of crude oil, integrated oil companies, chemical companies, oil traders and refiners, farm cooperatives, railroads, and road and bridge construction companies. The company is headquartered in San Antonio, Texas. NuStar Logistics, L.P. is a subsidiary of Nustar Energy L.P..