Pacific Gas & Electric Co. (NYSE:PCG) has witnessed a drop of 0.2% or 11,853 shares in its short figure. The short interest diminution took it from 5,621,692 on May 31,2016 to 5,609,839 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.1%. The days to cover are 3 given that the daily volume averaged 2,108,869 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Pacific Gas & Electric Co. (NYSE:PCG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.42 and $61.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.66, notching a gain of 0.85% for the day. The total traded volume was 4,832,258 . The stock had closed at $62.13 on the previous day.
The company shares have rallied 27.02% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $63.43 and the one year low was seen on Sep 2, 2015. The 50-Day Moving Average price is $60.48 and the 200 Day Moving Average price is recorded at $57.13.
Pacific Gas & Electric Co. (NYSE:PCG) has tumbled 0.57% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.28% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.08% and the outperformance has advanced to 8.46% for the last 4 weeks period.
PG&E Corporation is a holding company. The Companys primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utilitys operations include electric utility operations and natural gas utility operations. It operates in northern and central California. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial and agricultural customers. The Utility provides natural gas transportation services to customers, which include small commercial and residential customers, and to non-core customers, which include industrial, commercial, and natural gas-fired electric generation facilities that are connected to the Utilitys gas system in its service territory.