Short Interest Update on Piedmont Natural Gas Company (PNY)

Piedmont Natural Gas Company (PNY) : The bears are holding on to their shorts in Accenture Plc with 8 more days remaining for them to cover their positions. The bearish positions have increased from 2,110,062 on Jul 29, 2016, to 2,286,908, on August 15, 2016. Daily, 278,586 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 176,846 shares, which is an increase of just 8.4%. The total short interest of 2.9% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Piedmont Natural Gas Company (NYSE:PNY): The stock opened at $59.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $59.96 for the day. The stock traded down to $59.89 during the day, due to lack of any buying support eventually closed down at $59.90 with a loss of -0.03% for the day. The stock had closed at $59.92 on the previous day. The total traded volume was 231,182 shares.


In a related news, Ohara Kevin M, officer (Sr. Vice President) of Piedmont Natural Gas Co Inc, unloaded 5,000 shares at an average price of $59.78 on July 29, 2016. The total amount of the transaction was worth $298,900, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Piedmont Natural Gas Company, Inc. is an energy services company whose principal business is the distribution of natural gas to over one million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are the Companys wholesale customers. The Company is invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, and regulated interstate natural gas storage and intrastate natural gas transportation. The Company operates in two segments: regulated utility and non-utility activities. The regulated utility segment is the gas distribution business, where it includes the operations of merchandising and its related service work and home warranty programs, with activities conducted by the utility. The non-utility activities segment consists of the Companys equity method investments in joint venture, energy-related businesses.

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