Pepco Holdings Inc (NASDAQ:POM) Sees Significant Drop in Short Interest

Pepco Holdings Inc (NASDAQ:POM – Get Free Report) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 74,419 shares, a drop of 83.3% from the June 15th total of 444,423 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 85,532 shares, the short-interest ratio is currently 0.9 days.

Pepco Trading Down 7.2%

NASDAQ POM traded down $0.11 during trading hours on Monday, reaching $1.42. 17,289 shares of the stock traded hands, compared to its average volume of 58,283. The stock has a 50 day simple moving average of $2.20 and a two-hundred day simple moving average of $4.30. Pepco has a 1 year low of $1.17 and a 1 year high of $115.74.

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Pepco (NASDAQ:POM – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The utilities provider reported ($0.13) EPS for the quarter. The business had revenue of $16.40 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Pepco from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Pepco has an average rating of “Sell”.

View Our Latest Analysis on Pepco

About Pepco

(Get Free Report)

Pepco Holdings LLC, formerly Pepco Holdings, Inc, is a holding company. The Company, through its utility subsidiaries, is engaged in the transmission, distribution and default supply of electricity, and the distribution and supply of natural gas. The Company’s segments include Power Delivery, Pepco Energy Services, and Corporate and Other. The Company’s subsidiaries include Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Pepco is engaged in the transmission, distribution and default supply of electricity.

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