Just Energy Group Inc (NYSE:JE) (TSE:JE) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 6,950,000 shares, an increase of 20.9% from the August 30th total of 5,750,000 shares. Approximately 8.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is presently 4.9 days.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Just Energy Group during the second quarter valued at $46,000. A.R.T. Advisors LLC purchased a new stake in shares of Just Energy Group during the second quarter valued at $73,000. Jane Street Group LLC grew its holdings in shares of Just Energy Group by 36.9% during the second quarter. Jane Street Group LLC now owns 22,186 shares of the utilities provider’s stock valued at $95,000 after buying an additional 5,985 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of Just Energy Group by 172.9% during the second quarter. Susquehanna International Group LLP now owns 27,981 shares of the utilities provider’s stock valued at $120,000 after buying an additional 17,727 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Just Energy Group during the second quarter valued at $134,000. 28.94% of the stock is currently owned by institutional investors and hedge funds.
NYSE JE opened at $2.41 on Tuesday. The firm’s fifty day simple moving average is $1.67 and its two-hundred day simple moving average is $3.08. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 22.52. Just Energy Group has a 12-month low of $1.08 and a 12-month high of $4.42. The firm has a market capitalization of $336.06 million, a P/E ratio of 20.08 and a beta of 1.22.
Just Energy Group (NYSE:JE) (TSE:JE) last released its quarterly earnings results on Wednesday, August 14th. The utilities provider reported ($1.82) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($1.89). Just Energy Group had a negative return on equity of 325.10% and a negative net margin of 9.76%. The firm had revenue of $670.17 million during the quarter, compared to analysts’ expectations of $911.86 million. During the same period in the prior year, the firm posted ($0.45) earnings per share. Just Energy Group’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that Just Energy Group will post -1.38 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on JE shares. CIBC raised shares of Just Energy Group from an “underperform” rating to a “hold” rating in a report on Thursday, August 22nd. Royal Bank of Canada reissued a “hold” rating on shares of Just Energy Group in a report on Friday, August 16th. ValuEngine raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Just Energy Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 21st. Finally, B. Riley set a $6.00 price objective on shares of Just Energy Group and gave the company a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Just Energy Group has an average rating of “Hold” and a consensus price target of $5.75.
About Just Energy Group
Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.
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