PPL Corporation June 15th Short Interest Update

The short interest in PPL Corporation (NYSE:PPL) has increased from 10,590,733 on May 31,2016 to 11,123,205 on June 15,2016. The change was measured at 532,472 shares or 5%. The leftover shorts were 1.6% of the floated shares. The days to cover are 2, given the average daily volume of 4,628,283 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

PPL Corporation (NYSE:PPL): The stock opened at $37.82 on Friday but the bulls could not build on the opening and the stock topped out at $38.50 for the day. The stock traded down to $36.96 during the day, due to lack of any buying support eventually closed down at $37.18 with a loss of -5.73% for the day. The stock had closed at $39.44 on the previous day. The total traded volume was 16,873,478 shares.

The company shares have rallied 26.25% from its 1 Year high price. On Jun 21, 2016, the shares registered one year high at $39.92 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $38.68 and the 200 Day Moving Average price is recorded at $36.45.

PPL Corporation (NYSE:PPL) has tumbled 4.76% during the past week and has dropped 3.88% 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 3.18%. PPL Corporation (NYSE:PPL) has underperformed the index by 0.97% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

PPL Corporation (PPL) is an energy and utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky; generates electricity from power plants in the northeastern, northwestern and southeastern United States, and markets wholesale or retail energy in the northeastern and northwestern parts of the United States. PPL operates in four segments: The U.K. Regulated Segment comprising PPL Global comprising WPD Ltds (WPD) regulated electricity distribution operations; Kentucky Regulated segment comprising the operations of LG&E and KU Energy LLC, which owns and operates regulated public utilities; the Pennsylvania Regulated segment comprising PPL Electric Utilities Corporations operations, and the Supply segment comprising the activities of PPL Energy Supply, LLCs subsidiaries.

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