Short Interest Update on Quanta Services (PWR)

Quanta Services (PWR) : The short interest in Quanta Services (PWR) has increased from 7,315,478 to 7,888,457 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 2,455,471 shares are traded daily in the stock and only 3 days are left for the shorts to cover. The short open interest is 5.5% of the total shares in the hands of the public. The shorts in the stock have gone up by 572,979 shares, which is an increase of 7.8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Quanta Services (NYSE:PWR): The stock opened at $26.32 on Wednesday but the bulls could not build on the opening and the stock topped out at $26.52 for the day. The stock traded down to $26.14 during the day, due to lack of any buying support eventually closed down at $26.28 with a loss of -0.30% for the day. The stock had closed at $26.36 on the previous day. The total traded volume was 2,665,660 shares.

Quanta

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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