Edison International (NYSE:EIX) has witnessed a drop of 0.2% or 7,753 shares in its short figure. The short interest diminution took it from 4,285,549 on May 31,2016 to 4,277,796 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.3%. The days to cover are 3 given that the daily volume averaged 1,315,903 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Edison International (NYSE:EIX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.33 and $73.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.59, notching a gain of 0.81% for the day. The total traded volume was 2,064,998 . The stock had closed at $73.99 on the previous day.
The company shares have rallied 33.96% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $75.37 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $72.14 and the 200 Day Moving Average price is recorded at $67.11.
Edison International (NYSE:EIX) has climbed 0.63% in the past week and advanced 5.38% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.3% and the outperformance has advanced to 8.57% for the last 4 weeks period.
Edison International is the parent holding company of Southern California Edison Company (SCE) and subsidiaries. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. Edison International is also the parent company of subsidiaries that are engaged in businesses related to the generation or use of electricity. Edison Internationals other subsidiaries include Edison Mission Group Inc. and SoCore Energy LLC. Edison Mission Group Inc. is a wholly owned subsidiary of Edison International and the parent company of Edison Mission Energy and Edison Capital. SoCore Energy LLC, a subsidiary engaged in distributed generation, has constructed 26 Megawatt of rooftop solar systems in nine states selling power back to commercial customers under power purchase agreements.