Eversource Energy June 15th Short Interest Update

Eversource Energy (NYSE:ES) stated loss of 233,499 shares or 5.5% in the short interest. The short interest registered from 4,276,683 on May 31,2016 to 4,043,184 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.3%. The stock has been averaging 1,434,000 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Eversource Energy (NYSE:ES): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.13 and $55.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.22, notching a gain of 1.42% for the day. The total traded volume was 2,366,529 . The stock had closed at $56.42 on the previous day.

The company shares have rallied 25.76% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $59.09 and the one year low was seen on Jul 6, 2015. The 50-Day Moving Average price is $56.23 and the 200 Day Moving Average price is recorded at $54.89.

Eversource Energy (NYSE:ES) has climbed 0.58% in the past week and advanced 4.02% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.25% and the outperformance has advanced to 7.16% for the last 4 weeks period.

Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Companys electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Companys natural gas distribution companies.

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