Enbridge Inc. (NYSE:ENB) Short Interest Down 58.5% in May

Enbridge Inc. (NYSE:ENB) Short Interest Down 58.5% in May

Enbridge Inc. (NYSE:ENB - Get Free Report) (TSE:ENB) was the recipient of a significant drop in short interest in May. As of May 31st, there was short interest totalling 31,270,000 shares, a drop of 58.5% from the May 15th total of 75,390,000 shares. Based on an average daily volume of 3,880,000 shares, the days-to-cover ratio is currently 8.1 days. Approximately 1.4% of the shares of the stock are sold short.