Short Interest Update on Eversource Energy (ES)

Eversource Energy (ES) : The short interest in Eversource Energy (ES) has increased from 3,376,237 to 3,650,235 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,290,445 shares are traded daily in the stock and only 3 days are left for the shorts to cover. The short open interest is 1.2% of the total shares in the hands of the public. The shorts in the stock have gone up by 273,998 shares, which is an increase of 8.1% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Eversource Energy (NYSE:ES): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.20 and $54.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.34, notching a gain of 0.11% for the day. The total traded volume was 1,140,696 . The stock had closed at $55.28 on the previous day.


In a related news, The Securities and Exchange Commission has divulged that Buth Jay S., officer (VP, Controller, Chief Acct Off) of Eversource Energy, had unloaded 296 shares at an average price of $57.15 in a transaction dated on August 11, 2016. The total value of the transaction was worth $16,916.

Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Companys electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Companys natural gas distribution companies.

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