Scana Corporation June 15th Short Interest Update

Scana Corporation (NYSE:SCG) reported a drop of 2.4% or 132,515 shares in its short interest. The short figure came in at 4.1% of the total floats. The average daily volume of 925,402 shares suggests that the days to cover 5,281,272 short positions, as on June 15,2016, will be 6. On May 31,2016, the short interest was 5,413,787 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Scana Corporation (NYSE:SCG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.02 and $70.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.24, notching a gain of 1.25% for the day. The total traded volume was 2,255,913 . The stock had closed at $71.35 on the previous day.

The company shares have rallied 43.33% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $73.05 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $70.30 and the 200 Day Moving Average price is recorded at $66.31.

Scana Corporation (NYSE:SCG) has climbed 1.15% in the past week and advanced 3.63% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.83% and the outperformance has advanced to 6.77% for the last 4 weeks period.

SCANA Corporation is a holding company. SCANA, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina and in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. Through other wholly owned non-regulated subsidiaries, SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast, and also provides fiber optic and other telecommunications services. The Company operates through the following segments: Electric Operations, Gas Distribution, Retail Gas Marketing and All Other. Electric Operations primarily generates, transmits and distributes electricity. Gas Distribution purchases and sells natural gas, primarily at retail. Retail Gas Marketing markets natural gas in Georgia. Energy Marketing markets natural gas to industrial and commercial customers and municipalities. All Other comprises the holding company and its subsidiaries.

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