Consolidated Edison Inc June 15th Short Interest Update

Consolidated Edison Inc (NYSE:ED) has witnessed a rise of 2.7% or 297,784 shares in its short figure. The short interest augmentation took it from 11,068,116 on May 31,2016 to 11,365,900 on June 15,2016. In terms of floated shares, the short interest was calculated to be 3.8%. The days to cover are 6 given that the daily volume averaged 1,976,993 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Consolidated Edison Inc (NYSE:ED): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.82 and $76.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.41, notching a gain of 2.02% for the day. The total traded volume was 4,230,797 . The stock had closed at $76.86 on the previous day.

The company shares have rallied 34.89% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $78.87 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $74.82 and the 200 Day Moving Average price is recorded at $71.76.

Consolidated Edison Inc (NYSE:ED) has climbed 0.73% in the past week and advanced 7.79% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.4% and the outperformance has advanced to 11.06% for the last 4 weeks period.

Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and the Competitive Energy Businesses. CECONY delivers electricity, natural gas and steam to customers in New York City and Westchester County. Orange and Rockland Utilities Inc. (O&R) delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north-eastern Pennsylvania. O&Rs utility subsidiaries include Rockland Electric Company and Pike County Light & Power Company. Competitive energy businesses provide retail and wholesale electricity supply and energy services. The Competitive Energy Businesses include three subsidiaries: Consolidated Edison Solutions, Inc. (Con Edison Solutions); Consolidated Edison Energy, Inc. (Con Edison Energy), and Consolidated Edison Development, Inc. (Con Edison Development).

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