WEC Energy Group June 15th Short Interest Update

WEC Energy Group (NYSE:WEC), According to the latest information the short interest in WEC Energy Group, Inc. shot up by 1.7% or 164,769 shares. The final shorts are 3.2% of the total floated shares. The positions increased from 9,933,722 shares on May 31,2016 to 10,098,491 on June 15,2016. According to the per-day average trading of 1,861,592 shares, the days to cover are 5. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

WEC Energy Group (NYSE:WEC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.72 and $62.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.32, notching a gain of 0.86% for the day. The total traded volume was 2,872,229 . The stock had closed at $62.78 on the previous day.

The company shares have rallied 40.21% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $63.96 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $60.82 and the 200 Day Moving Average price is recorded at $57.01.

WEC Energy Group (NYSE:WEC) has climbed 0.03% in the past week and advanced 6.01% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.69% and the outperformance has advanced to 9.22% for the last 4 weeks period.

WEC Energy Group,Inc., formerly Wisconsin Energy Corporation is a holding company. The Company operates through two segments: utility energy segment and non-utility energy segment. Its utility energy segment consists of Wisconsin Electric and Wisconsin Gas, operating together under the trade name of We Energies. Its non-utility energy segment consists of We Power, which owns and leases to Wisconsin Electric generation plants constructed as part of its Power the Future (PTF) strategy. Its other non-utility operations consist of the operations of its subsidiaries, Wispark LLC and Bostco LLC. Its principal utilities include Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities and Minnesota Energy Resources, among others. Its primary subsidiaries are Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas), W.E. Power, LLC (We Power), Integrys Energy Group, Inc. and Integrys Holding, Inc., among others.

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