Great Plains Energy Inc June 15th Short Interest Update

Great Plains Energy Inc (NYSE:GXP) has witnessed a drop of 15.1% or 754,518 shares in its short figure. The short interest diminution took it from 4,996,970 on May 31,2016 to 4,242,452 on June 15,2016. In terms of floated shares, the short interest was calculated to be 2.8%. The days to cover are 1 given that the daily volume averaged 4,694,799 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Great Plains Energy Inc (NYSE:GXP): The stock opened at $29.21 on Friday but the bulls could not build on the opening and the stock topped out at $29.73 for the day. The stock traded down to $29.07 during the day, due to lack of any buying support eventually closed down at $29.47 with a loss of -0.30% for the day. The stock had closed at $29.56 on the previous day. The total traded volume was 2,749,278 shares.

The company shares have rallied 20.83% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $32.74 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $30.23 and the 200 Day Moving Average price is recorded at $29.54.

Great Plains Energy Inc (NYSE:GXP) has tumbled 0.87% during the past week and has dropped 4.94% in the last 4 week period. The company has outperformed the S&P 500 by 0.77% in the past week but underperformed the index by 2.06% in the last 4 weeks.

Great Plains Energy Incorporated (Great Plains Energy) is a public utility holding company. The Company does not own or operate any assets other than the stock of its subsidiaries. The Companys wholly owned direct subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas. KCP&L has one active wholly owned subsidiary, Kansas City Power & Light Receivables Company (KCP&L Receivables Company). GMO is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. GMO also provides regulated steam service to certain customers in the St. Joseph, Missouri area. GMO has two active wholly owned subsidiaries, GMO Receivables Company and MPS Merchant Services, Inc. (MPS Merchant).

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