Short Interest Update on Abengoa Yield plc (ABY)

Abengoa Yield plc (ABY) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 4,959,834 to 4,558,836 shares, with 9 days to go before the expiry. The short open interest has decreased by -8.1%, amounting to a reduction of -400,998 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 8.3% of the float of the company. The average daily volume of the stock is 503,966 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Abengoa Yield plc (NASDAQ:ABY): The stock opened at $19.56 on Wednesday but the bulls could not build on the opening and the stock topped out at $19.71 for the day. The stock traded down to $19.17 during the day, due to lack of any buying support eventually closed down at $19.26 with a loss of -1.28% for the day. The stock had closed at $19.51 on the previous day. The total traded volume was 169,811 shares.


Abengoa Yield plc is an engineering and clean technology company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines, and other contracted revenue-generating assets, focused on North America (United States and Mexico) and South America (Peru, Chile, Brazil and Uruguay), as well as Europe (Spain). The Companys business sectors include renewable energy, which includes its activities related to the production electricity from solar power and wind plants; Conventional power, which includes its activities related to the production of electricity and steam from natural gas and electric transmission lines, which includes its activities related to the operation of electric transmission lines. It owns interests in approximately 15 assets, comprising over 891 megawatt (MW) of renewable energy generation, approximately 300 MW of conventional power generation and approximately 1,018 miles of electric transmission lines.

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