The AES Corporation June 15th Short Interest Update

The AES Corporation (NYSE:AES) has seen a rise of 353,935 shares or 3.2% in the short interest. The remaining shorts are 1.7% of the total floated shares. The net short interest, as on June 15,2016, stood at 11,463,705 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 4,524,973 shares. On May 31,2016, 11,109,770 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

The AES Corporation (NYSE:AES): The stock opened at $11.85 on Friday but the bulls could not build on the opening and the stock topped out at $12.00 for the day. The stock traded down to $11.63 during the day, due to lack of any buying support eventually closed down at $11.89 with a loss of -1.74% for the day. The stock had closed at $12.10 on the previous day. The total traded volume was 8,944,269 shares.

The company shares have dropped -9.65% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $13.52 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.25 and the 200 Day Moving Average price is recorded at $10.43.

The AES Corporation (NYSE:AES) has climbed 2.41% in the past week and advanced 7.02% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.11% and the outperformance has advanced to 10.26% for the last 4 weeks period.

The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia. Within these six SBUs, the Company has two lines of business: generation and utilities. Under the generation business line, the Company owns and operates power plants to generate and sell power to customers, such as utilities, industrial users and other intermediaries. Under the utilities business line, the Company owns and operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.

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