Great Plains Energy Inc (GXP) : The traders have covered their outstanding shorts in Great Plains Energy Inc (GXP) to the tune of -1,155,002 shares, a change of -14.9%. As on Jul 29, 2016, the outstanding shorts on the stock were 7,762,255 shares, however, by August 15, 2016, the shorts had reduced to 6,607,253 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 4.3% of the free float of the stock. It takes 4 days to cover the outstanding short positions. The stock has an average daily volume of 1,476,036 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Great Plains Energy Inc (NYSE:GXP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.12 and $27.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.12, notching a gain of 0.07% for the day. The total traded volume was 1,476,710 . The stock had closed at $28.10 on the previous day.
In a related news, The officer (SVP), of Great Plains Energy Inc, Deggendorf Michael had unloaded 9,000 shares at $30.91 per share in a transaction on March 11, 2016. The total value of transaction was $278,190. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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).