Short Interest Update on Scana Corporation (SCG)

Scana Corporation (SCG) : Traders are negative on Scana Corporation (SCG), as it has 3.2% of short positions outstanding compared to its float. The total shorts have reduced by -412,091 shares, which is a -8.9% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,4,630,754 to 4,218,663 shares. While the daily trading volume of the stock is 644,206, there are 7 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Scana Corporation (NYSE:SCG): The stock opened at $72.33 on Wednesday but the bulls could not build on the opening and the stock topped out at $72.37 for the day. The stock traded down to $71.61 during the day, due to lack of any buying support eventually closed down at $72.28 with a loss of -0.30% for the day. The stock had closed at $72.50 on the previous day. The total traded volume was 470,800 shares.


In a related news, Harris Don Russell, officer (SCANA Senior VP/SCEG President) of Scana Corp, unloaded 2,500 shares at an average price of $65.27 on February 26, 2016. The total amount of the transaction was worth $163,175, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

SCANA Corporation is a holding company. SCANA, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina and in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. Through other wholly owned non-regulated subsidiaries, SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast, and also provides fiber optic and other telecommunications services. The Company operates through the following segments: Electric Operations, Gas Distribution, Retail Gas Marketing and All Other. Electric Operations primarily generates, transmits and distributes electricity. Gas Distribution purchases and sells natural gas, primarily at retail. Retail Gas Marketing markets natural gas in Georgia. Energy Marketing markets natural gas to industrial and commercial customers and municipalities. All Other comprises the holding company and its subsidiaries.

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