Short Interest Update on DTE Energy Company (DTE)

DTE Energy Company (DTE) : The traders have covered their outstanding shorts in DTE Energy Company (DTE) to the tune of -116,874 shares, a change of -6.1%. As on Jul 29, 2016, the outstanding shorts on the stock were 1,930,328 shares, however, by August 15, 2016, the shorts had reduced to 1,813,454 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 1% of the free float of the stock. It takes 2 days to cover the outstanding short positions. The stock has an average daily volume of 883,071 shares. The short interest information was released on Wednesday Aug 24th after the market close.

DTE Energy Company (NYSE:DTE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.43 and $93.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $94.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.93, notching a gain of 0.34% for the day. The total traded volume was 738,723 . The stock had closed at $94.61 on the previous day.


In a related news,The director officer (Chairman and CEO) of Dte Energy Co, Anderson Gerard M sold 17,500 shares at $97.96 on August 1, 2016. The Insider selling transaction had a total value worth of $1,714,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

DTE Energy Company (DTE) is an energy company. The Companys other businesses are involved in natural gas pipelines, gathering and storage, power and industrial projects, and energy marketing and trading operations. Its segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. Its utility operations consist primarily of DTE Electric and DTE Gas. The Electric segment consists of DTE Electric, which is engaged in the generation, purchase, distribution and sale of electricity to approximately 2.1 million customers in southeastern Michigan. The Gas segment consists of DTE Gas, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to approximately 1.2 million residential, commercial and industrial customers throughout Michigan and the sale of gas storage and transportation capacity. Its Corporate and Other segment includes various holding company activities.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.