NiSource Inc June 15th Short Interest Update

NiSource Inc (NYSE:NI) stated gains of 454,201 shares or 4.1% in the short interest. The short interest registered from 10,985,836 on May 31,2016 to 11,440,037 on June 15,2016. In terms of floated shares, the shorted positions stood at 3.6%. The stock has been averaging 2,375,370 shares daily in trading and would need 5 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

NiSource Inc (NYSE:NI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.89 and $24.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.31, notching a gain of 0.52% for the day. The total traded volume was 5,057,074 . The stock had closed at $25.18 on the previous day.

The company shares have rallied 40.18% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $25.51 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $24.37 and the 200 Day Moving Average price is recorded at $22.23.

NiSource Inc (NYSE:NI) has climbed 0.2% in the past week and advanced 4.93% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.86% and the outperformance has advanced to 8.11% for the last 4 weeks period.

NiSource Inc. (NiSource) is an energy holding company. The Company, through its subsidiaries provides natural gas, electricity and other products and services. It is also engaged in the distribution of natural gas. The Companys business segments include: Gas Distribution Operations, which provides natural gas service and transportation services for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts; Columbia Pipeline Group Operations, which provides gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in 16 northeastern, mid-Atlantic, Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions, and Electric Operations, which provides electric services in approximately 20 counties in the northern part of Indiana.

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