Short Interest Update on Entergy Corporation (ETR)

Entergy Corporation (ETR) : Traders are getting increasingly bearish on Entergy Corporation (ETR), as can be seen in the addition of short positions from 2,620,255 on Jul 29, 2016, to 3,205,333 on August 15, 2016. The net change in shorts is 585,078 shares, an increase of 22.3%. 3 days remain before the expiry. The 1.8% 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 1,157,491. The short interest information was released on Wednesday Aug 24th after the market close.

Entergy Corporation (NYSE:ETR): The stock opened at $78.72 on Wednesday but the bulls could not build on the opening and the stock topped out at $79.02 for the day. The stock traded down to $78.15 during the day, due to lack of any buying support eventually closed down at $78.83 with a loss of -0.10% for the day. The stock had closed at $78.91 on the previous day. The total traded volume was 643,931 shares.


In a related news,The officer (Senior Vice President) of Entergy Corp /De/, Despeaux Kimberly H sold 2,000 shares at $79.55 on August 12, 2016. The Insider selling transaction had a total value worth of $159,100. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity. It operates in two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities business segment includes the ownership, operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.

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