Today’s Short Interest Alert: Could Unitil Corporation (NYSE:UTL) Change Direction After More Shorts?

November 18, 2016 - By Nellie Frank   ·   0 Comments

Today's Short Interest Alert: Could Unitil Corporation (NYSE:UTL) Change Direction After More Shorts?

The stock of Unitil Corporation (NYSE:UTL) registered an increase of 6.65% in short interest. UTL’s total short interest was 330,600 shares in November as published by FINRA. Its up 6.65% from 310,000 shares, reported previously. With 39,900 shares average volume, it will take short sellers 8 days to cover their UTL’s short positions. The short interest to Unitil Corporation’s float is 2.41%. About 24,343 shares traded hands. Unitil Corporation (NYSE:UTL) has risen 2.02% since April 18, 2016 and is uptrending. It has underperformed by 2.41% the S&P500.

Unitil Corporation is a public utility holding company. The company has a market cap of $616.76 million. The Firm is engaged in the local distribution of electricity and natural gas to clients throughout its service territories in the states of New Hampshire, Massachusetts and Maine. It has a 22.79 P/E ratio. It operates through three divisions: utility gas operations, utility electric activities and non-regulated.

Insitutional Activity: The institutional sentiment increased to 1.62 in 2016 Q2. Its up 0.66, from 0.96 in 2016Q1. The ratio increased, as 9 funds sold all Unitil Corporation shares owned while 43 reduced positions. 6 funds bought stakes while 44 increased positions. They now own 7.90 million shares or 2.15% less from 8.07 million shares in 2016Q1.
Kennedy Inc accumulated 0.11% or 131,212 shares. Ls Investment Advsr Ltd Liability Corp reported 1,260 shares or 0% of all its holdings. The Illinois-based Guggenheim Cap Ltd Liability has invested 0% in Unitil Corporation (NYSE:UTL). Barclays Public Ltd Co has 4,715 shares for 0% of their US portfolio. Moreover, Blackrock Ltd Com has 0% invested in Unitil Corporation (NYSE:UTL) for 7,146 shares. State Street Corporation holds 0% of its portfolio in Unitil Corporation (NYSE:UTL) for 283,654 shares. Commonwealth Equity Ser Inc accumulated 0% or 11,103 shares. Moreover, King Wealth Mgmt Group Ltd Co has 0.17% invested in Unitil Corporation (NYSE:UTL) for 7,326 shares. Ledyard Comml Bank owns 7,300 shares or 0.06% of their US portfolio. Acadian Asset Limited Liability Corp owns 432,913 shares or 0.09% of their US portfolio. Horizon Inv Ser Ltd Company last reported 0.36% of its portfolio in the stock. Bessemer Gru reported 940 shares or 0% of all its holdings. Alliancebernstein L P holds 44,030 shares or 0% of its portfolio. Commercial Bank Of America De holds 0% or 43,811 shares in its portfolio. Aperio Gru Limited Com has invested 0.01% of its portfolio in Unitil Corporation (NYSE:UTL).

Unitil Corporation (NYSE:UTL) Ratings Coverage

Out of 2 analysts covering Unitil Corporation (NYSE:UTL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Unitil Corporation has been the topic of 3 analyst reports since July 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Monday, April 25 report. Janney Capital upgraded the shares of UTL in a report on Friday, July 24 to “Buy” rating. On Thursday, October 15 the stock rating was downgraded by Janney Capital to “Neutral”.

UTL Company Profile

Unitil Corporation (Unitil), incorporated on October 7, 1984, is a public utility holding company. The Firm is engaged in the local distribution of electricity and natural gas to approximately 182,000 clients throughout its service territories in the states of New Hampshire, Massachusetts and Maine. The Firm is a parent firm of three distribution utilities: Unitil Energy Systems, Inc. (Unitil Energy), which provides electric service in the southeastern seacoast and state capital regions of New Hampshire, including the capital city of Concord; Fitchburg Gas and Electric Light Company (Fitchburg), which provides both electric and natural gas service in the greater Fitchburg area of north central Massachusetts, and Northern Utilities, Inc. (Northern Utilities), which provides natural gas service in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland, in northern New England. Together, Unitil’s three distribution utilities serve approximately 103,300 electric clients and over 78,700 natural gas customers.

More recent Unitil Corporation (NYSE:UTL) news were published by: Marketwatch.com which released: “Unitil upgraded to sector perform from underperform at RBC Capital” on December 21, 2009. Also Equitiesfocus.com published the news titled: “UNITIL Corporation (NYSE:UTL) To Disburse Dividend Of $0.355” on November 16, 2016. Streetinsider.com‘s news article titled: “Unitil Corporation (UTL) Assigned ‘BBB+’ Rating by S&P” with publication date: December 23, 2014 was also an interesting one.

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By Nellie Frank


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