The short interest in American Electric Power Company (NYSE:AEP) has declined from 5,915,098 on May 31,2016 to 5,584,574 on June 15,2016. The change was measured at 330,524 shares or 5.6%. The leftover shorts were 1.1% of the floated shares. The days to cover are 3, given the average daily volume of 2,044,463 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
American Electric Power Company (NYSE:AEP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.92 and $65.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.26, notching a gain of 1.01% for the day. The total traded volume was 4,034,594 . The stock had closed at $66.59 on the previous day.
The company shares have rallied 27.39% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $67.94 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $65.45 and the 200 Day Moving Average price is recorded at $62.70.
American Electric Power Company (NYSE:AEP) has climbed 0.07% in the past week and advanced 4.59% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.74% and the outperformance has advanced to 7.75% for the last 4 weeks period.
American Electric Power Company, Inc. is a utility holding company. It operates in five segments. The vertically integrated utilities segment generates, transmits and distributes electricity through AEP Generating Company, Appalachian Power Company, Indiana Michigan Power Company, Kingsport Power Company, Kentucky Power Company, Public Service Company of Oklahoma, Southwestern Electric Power Company and Wheeling Power Company. The Transmission and Distribution Utilities segment transmits and distributes electricity through Ohio Power Company, AEP Texas Central Company and AEP Texas North Company. The Generation & Marketing segments subsidiaries consist of nonutility generating assets, a wholesale energy trading and marketing business and a retail supply and energy management business. AEP Transmission Holdco is a holding company for AEPs transmission joint ventures and AEP Transmission Company, LLC. The AEP River Operations segment transports liquid, coal and dry bulk commodities.