FirstEnergy Corporation (NYSE:FE), According to the latest information the short interest in First Energy shot up by 19.6% or 1,356,928 shares. The final shorts are 2% of the total floated shares. The positions increased from 6,932,003 shares on May 31,2016 to 8,288,931 on June 15,2016. According to the per-day average trading of 2,741,878 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
FirstEnergy Corporation (NYSE:FE): The stock opened at $32.75 on Friday but the bulls could not build on the opening and the stock topped out at $33.45 for the day. The stock traded down to $32.68 during the day, due to lack of any buying support eventually closed down at $32.88 with a loss of -0.84% for the day. The stock had closed at $33.16 on the previous day. The total traded volume was 4,732,309 shares.
The company shares have rallied 0.83% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $36.54 and the one year low was seen on Nov 9, 2015. The 50-Day Moving Average price is $33.28 and the 200 Day Moving Average price is recorded at $33.50.
FirstEnergy Corporation (NYSE:FE) has tumbled 4.11% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.23% in the last four weeks. The stocks have underperformed the S&P 500 by 2.52% during the past week but FirstEnergy Corporation (NYSE:FE) it has outperformed the index in 4 weeks by 4.29%.
FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies, serving customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements, including retail sales to customers in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland. The Companys principal subsidiaries include Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Metropolitan Edison Company, Pennsylvania Electric Company, FirstEnergy Service Company, FirstEnergy Solutions Corp., Allegheny Energy Supply Company, LLC, among others.