Enbridge Inc (NYSE:ENB) Short Interest Up 124.1% in August

Posted by Geri Gentry on Aug 30th, 2026

Enbridge Inc (NYSE:ENB – Get Free Report) (TSE:ENB) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 69,771,404 shares, a growth of 124.1% from the July 30th total of 31,138,217 shares. Based on an average daily volume of 7,081,580 shares, the days-to-cover ratio is currently 9.9 days. Approximately 3.2% of the company’s stock are short sold.

Enbridge Stock Performance

Shares of ENB traded up $0.23 during midday trading on Friday, reaching $50.17. The stock had a trading volume of 5,755,417 shares, compared to its average volume of 5,697,051. The firm has a 50 day simple moving average of $53.64 and a 200-day simple moving average of $54.00. Enbridge has a one year low of $45.03 and a one year high of $58.45. The firm has a market cap of $109.57 billion, a PE ratio of 26.83 and a beta of 0.58. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.69.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last issued its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The company had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $8.67 billion. During the same period in the prior year, the firm earned $0.65 EPS. As a group, sell-side analysts anticipate that Enbridge will post 2.11 EPS for the current year.

Enbridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $0.97 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.88 annualized dividend and a yield of 7.7%. Enbridge’s dividend payout ratio is currently 147.06%.

Enbridge News Roundup

Here are the key news stories impacting Enbridge this week:

Positive Sentiment: Enbridge agreed to form a joint venture with KKR and Apollo to fund approximately C$2.7 billion in expansions of its Westcoast natural-gas pipeline system in British Columbia. Bringing in private capital should reduce Enbridge’s direct funding requirements while allowing it to retain an interest and benefit from long-term contracted infrastructure growth. Enbridge, KKR form joint venture to invest in Westcoast natural gas pipeline
Positive Sentiment: The company is also buying Salt Creek Midstream’s crude-gathering assets in the Permian Basin for about US$600 million. The acquisition adds roughly 500 miles of pipeline infrastructure, expands Enbridge’s regional footprint and is expected to contribute contracted earnings and cash flow after closing. Enbridge buying Salt Creek Midstream’s crude oil gathering business for $600M
Positive Sentiment: Analysts continue to view Enbridge as an income-oriented investment, citing diversified, largely contracted cash flows and a dividend yield of approximately 5.6%. Its multiyear capital program and inflation-linked contracts may support stable cash generation, although they also limit exposure to commodity-price upside. Enbridge: A Reasonable Choice For Income And Capital Preservation
Neutral Sentiment: Air monitoring following a Line 5 leak reportedly found no hazardous gas levels, reducing immediate public-health concerns. Air monitoring shows no hazardous levels of gases after leak on Enbridge’s Line 5
Negative Sentiment: Wisconsin regulators have asked Enbridge to halt work on the Line 5 reroute after the leak, raising the possibility of construction delays, added costs and increased scrutiny. Wisconsin asks Enbridge to halt Line 5 reroute work after spill
Negative Sentiment: Michigan Governor Gretchen Whitmer filed a brief challenging Enbridge’s right to operate Line 5 through the Straits of Mackinac, describing the pipeline as a potential danger. The legal challenge adds long-term uncertainty around a strategically important asset and could increase regulatory, litigation and remediation risks. Whitmer responds to Enbridge lawsuit over Line 5 pipeline

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a research note on Monday, August 3rd. Scotiabank restated an “outperform” rating on shares of Enbridge in a report on Tuesday, July 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a research report on Wednesday, August 19th. Royal Bank Of Canada upped their target price on Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, TD Securities reissued a “hold” rating on shares of Enbridge in a research report on Thursday, July 16th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Get Our Latest Research Report on ENB

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ENB. Deutsche Bank AG acquired a new position in shares of Enbridge in the second quarter valued at approximately $1,850,502,000. Norges Bank acquired a new stake in Enbridge during the 4th quarter worth approximately $1,195,559,000. Ontario Teachers Pension Plan Board bought a new stake in Enbridge in the 2nd quarter valued at $467,782,000. Auto Owners Insurance Co boosted its stake in Enbridge by 4,683.0% in the 4th quarter. Auto Owners Insurance Co now owns 8,566,831 shares of the pipeline company’s stock valued at $40,975,000 after purchasing an additional 8,387,721 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Enbridge in the 2nd quarter valued at $412,627,000. 54.60% of the stock is currently owned by institutional investors.

Enbridge Company Profile

(Get Free Report)

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.