Short Interest Update on Black Hills Corporation (BKH)

Black Hills Corporation (BKH) : 11 days before expiry, shorts in Black Hills Corporation (BKH) have reduced from 5,330,414 on Jul 29, 2016, to 5,091,575 on August 15, 2016. On an average, 470,601 shares are traded on the exchange. The outstanding bearish positions are equal to 10% of the float. Short sellers have covered -238,839 shares, a reduction of -4.5%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Black Hills Corporation (NYSE:BKH): The stock opened at $59.84 on Wednesday but the bulls could not build on the opening and the stock topped out at $60.09 for the day. The stock traded down to $59.33 during the day, due to lack of any buying support eventually closed down at $59.65 with a loss of -0.48% for the day. The stock had closed at $59.94 on the previous day. The total traded volume was 311,977 shares.


In a related news, Kinzley Richard, CFO of Black Hills Corp /Sd/ had purchased 1,087 shares on August 26, 2015 in a transaction. The price per share was $38.76 and the total amount of the disclosed transaction was $42,132.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Black Hills Corporation is an integrated energy company. The Company operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group is comprised of regulated Electric Utilities and regulated Gas Utilities segments, and its Non-regulated Energy Group is comprised of Power Generation, Coal Mining, and Oil and Gas segments. It conducts its electric utility operations and combination electric and gas utility operations through three subsidiaries: Black Hills Power, Cheyenne Light, and Colorado Electric. Its Non-regulated Energy Group, which operates through various subsidiaries, produces and sells electric capacity and energy through a portfolio of generating plants, produces and sells coal from its mine located in the Powder River Basin in Wyoming and acquires, explores for, develops and produces natural gas and crude oil in the Rocky Mountain region.

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