Today’s Shorts Alert: What Will Happen to Spire Incorporated (NYSE:SR) Next? The Stock Has Increase in Shorts

November 16, 2016 - By Nellie Frank   ·   0 Comments

Today's Shorts Alert: What Will Happen to Spire Incorporated (NYSE:SR) Next? The Stock Has Increase in Shorts

The stock of Spire Incorporated (NYSE:SR) registered an increase of 1.3% in short interest. SR’s total short interest was 1.80 million shares in November as published by FINRA. Its up 1.3% from 1.77M shares, reported previously. With 268,500 shares average volume, it will take short sellers 7 days to cover their SR’s short positions. The short interest to Spire Incorporated’s float is 4.06%. About 71,828 shares traded hands. Spire Inc (NYSE:SR) has declined 3.54% since April 14, 2016 and is downtrending. It has underperformed by 8.22% the S&P500.

Spire Inc, formerly The Laclede Group, Inc. is a public utility holding firm for Laclede Gas Company . The company has a market cap of $2.97 billion. It operates through two divisions: Gas Utility and Gas Marketing. It has a 19.13 P/E ratio. The Gas Utility segment includes the regulated activities of Laclede Gas and Alabama Gas Corporation (Alagasco or the Alabama Utility) (collectively, the Utilities).

Spire Inc (NYSE:SR) Ratings Coverage

Out of 2 analysts covering Spire (NYSE:SR), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Spire has been the topic of 2 analyst reports since August 19, 2016 according to StockzIntelligence Inc. Ladenburg Thalmann initiated the stock with “Neutral” rating in Friday, August 19 report. The company was downgraded on Tuesday, September 6 by Wells Fargo.

SR Company Profile

Spire Inc, formerly The Laclede Group, Inc. (Laclede Group), incorporated on October 18, 2000, is a public utility holding firm for Laclede Gas Company (Laclede Gas or the Missouri Utilities). The Firm operates through two divisions: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated activities of Laclede Gas and Alabama Gas Corporation (Alagasco or the Alabama Utility) (collectively, the Utilities). Laclede Gas is a public utility engaged in the purchase, retail distribution and sale of natural gas, serving over 1.1 million residential, commercial and industrial customers, through Missouri Gas Energy (MGE), Kansas City and western Missouri. Alagasco is a public utility engaged in the purchase, retail distribution and sale of natural gas in central and northern Alabama, serving over 0.4 million residential, commercial and industrial clients with primary offices located in Birmingham, Alabama. The Gas Marketing segment includes Laclede Energy Resources, Inc. (LER), a subsidiary the Company, which is engaged in the marketing of natural gas and related activities on a non-regulated basis.

More important recent Spire Inc (NYSE:SR) news were published by: Nasdaq.com which released: “Spire Inc. Raises Dividend; Sees FY Net Economic EPS In Line With View” on November 15, 2016, also Prnewswire.com published article titled: “Spire Announces Public Offering of 1850000 Shares of Common Stock”, Nasdaq.com published: “Spire Inc. (SR) Ex-Dividend Date Scheduled for September 08, 2016” on September 07, 2016. More interesting news about Spire Inc (NYSE:SR) was released by: Streetinsider.com and their article: “Form RW SPIRE INC” with publication date: September 23, 2016.

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By Nellie Frank


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