Quanta Services June 15th Short Interest Update

Quanta Services (NYSE:PWR) has witnessed a drop of 25.2% or 2,110,926 shares in its short figure. The short interest diminution took it from 8,387,775 on May 31,2016 to 6,276,849 on June 15,2016. In terms of floated shares, the short interest was calculated to be 4.4%. The days to cover are 3 given that the daily volume averaged 1,928,701 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Quanta Services (NYSE:PWR): The stock opened at $23.23 on Friday but the bulls could not build on the opening and the stock topped out at $23.42 for the day. The stock traded down to $22.96 during the day, due to lack of any buying support eventually closed down at $23.01 with a loss of -4.56% for the day. The stock had closed at $24.11 on the previous day. The total traded volume was 4,879,225 shares.

The company shares have dropped -20.19% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $29.49 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $23.38 and the 200 Day Moving Average price is recorded at $21.33.

Quanta Services (NYSE:PWR) has tumbled 0.86% during the past week and has dropped 2.75% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.78% and the outperformance has advanced to 0.2% for the last 4 weeks period.

Quanta Services, Inc. (Quanta) is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power, and natural gas and oil pipeline industries. The Company operates in two segments, such as electric power infrastructure services, and oil and gas infrastructure services. The Electric Power Infrastructure Services segment provides network solutions to the electric power industry. Its Electric Power Infrastructure Services segment includes various services, such as design, installation and maintenance of electric power transmission and distribution infrastructure and substation facilities, among others. The Oil and Gas Infrastructure Services segment provides network solutions to customers of development and transportation of natural gas and oil. Its Oil and Gas Infrastructure Services segment include the design, installation and maintenance of pipeline transmission, distribution systems and gathering systems, among others.

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