Exelon Corporation (EXC): Price Target and June Short Interest Disclosure

Exelon Corporation (EXC) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $40 and the lowest price target forecast is $32. The average forecast of all the analysts is $36.56 and the expected standard deviation is $2.56.

Exelon Corporation (EXC), A reduction of 490,169 shares or 2.9% was observed in the short interest of Exelon Corp The interest on June 30,2016 came in at 16,556,924 shares and as per the average daily trading of 6,103,056 shares, the days to cover are 3. The reduced interest is 1.9% of the floated shares. The data of June 15,2016 put the interest at 17,047,093 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Deutsche Bank downgrades its view on Exelon Corporation (NYSE:EXC) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Deutsche Bank raises the price target from $34 per share to $36 per share on Exelon Corporation. The rating by the firm was issued on April 18, 2016.

Exelon

Exelon Corporation (NYSE:EXC): On Thursdays trading session , Opening price of the stock was $36.54 with an intraday high of $36.67. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $36.27. However, the stock managed to close at $36.39, a loss of 0.98% for the day. On the previous day, the stock had closed at $36.75. The total traded volume of the day was 5,638,435 shares.

Exelon Corporation (Exelon) is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLCs (Generation) six marketing segments, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO) and Baltimore Gas and Electric Company (BGE). Generations business consists of the generation, physical delivery and marketing of power across geographical regions. ComEds business consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers. PECOs business consists of the purchase and regulated retail sale of electricity and the provision of electricity distribution and transmission services. BGEs business consists of the purchase and regulated retail sale of electricity and natural gas and the provision of electricity distribution and transmission and gas distribution services.

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