Consolidated Edison Inc (ED) : Traders are getting increasingly bearish on Consolidated Edison Inc (ED), as can be seen in the addition of short positions from 11,252,947 on Jul 29, 2016, to 13,560,821 on August 15, 2016. The net change in shorts is 2,307,874 shares, an increase of 20.5%. 8 days remain before the expiry. The 4.5% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,635,101. The short interest information was released on Wednesday Aug 24th after the market close.
Consolidated Edison Inc (NYSE:ED): The stock opened at $76.23 on Wednesday but the bulls could not build on the opening and the stock topped out at $76.50 for the day. The stock traded down to $75.63 during the day, due to lack of any buying support eventually closed down at $76.32 with a loss of -0.18% for the day. The stock had closed at $76.46 on the previous day. The total traded volume was 1,291,532 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman, President & CEO) of Consolidated Edison Inc, Mcavoy John, had purchased 027 shares in a transaction dated on August 15, 2016. The transaction was executed at $78.2 per share with total amount equaling $2,111.
Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and the Competitive Energy Businesses. CECONY delivers electricity, natural gas and steam to customers in New York City and Westchester County. Orange and Rockland Utilities Inc. (O&R) delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north-eastern Pennsylvania. O&Rs utility subsidiaries include Rockland Electric Company and Pike County Light & Power Company. Competitive energy businesses provide retail and wholesale electricity supply and energy services. The Competitive Energy Businesses include three subsidiaries: Consolidated Edison Solutions, Inc. (Con Edison Solutions); Consolidated Edison Energy, Inc. (Con Edison Energy), and Consolidated Edison Development, Inc. (Con Edison Development).