NRG Energy June 15th Short Interest Update

NRG Energy (NYSE:NRG) has seen a shortfall of 901,972 shares or 5.1% in the short interest. The remaining shorts are 5.4% of the total floated shares. The net short interest, as on June 15,2016, stood at 16,906,311 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 6,755,389 shares. On May 31,2016, 17,808,283 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

NRG Energy (NYSE:NRG): The stock opened at $14.17 on Friday but the bulls could not build on the opening and the stock topped out at $14.35 for the day. The stock traded down to $13.87 during the day, due to lack of any buying support eventually closed down at $13.99 with a loss of -3.72% for the day. The stock had closed at $14.53 on the previous day. The total traded volume was 7,257,901 shares.

The company shares have dropped -40.32% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $24.17 and the one year low was seen on Dec 7, 2015. The 50-Day Moving Average price is $15.63 and the 200 Day Moving Average price is recorded at $12.82.

NRG Energy (NYSE:NRG) has tumbled 2.78% during the past week and has dropped 13.59% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.17%. NRG Energy (NYSE:NRG) has underperformed the index by 10.97% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

NRG Energy, Inc. (NRG) is a power company that produces, sells and delivers energy, and energy products and services in power markets in the United States. NRGs business segments are NRG Business, NRG Home, NRG Renew, NRG Yield and corporate activities. NRG Business consists of NRGs wholesale operations, including plant operations, commercial operations, engineering, procurement and construction (EPC), energy services and other related functions. NRG Home includes the Companys NRG Home Retail and NRG Home Solar businesses. NRG Renew includes the Companys solar and wind assets. NRG Yield includes NRGs contracted generation assets. As of December 31, 2014, NRG owned and operated approximately 52,000 megawatts (MW) of generation; transacted in and traded fuel and transportation services, and directly sold energy, services, and sustainable products and services to retail customers under the name NRG and other retail brand names owned by NRG.

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