Short Interest Don’t Lie: It Seems Vectren Corporation (NYSE:VVC) Will Go Up. Just Reported Less Shorted Shares

November 21, 2016 - By Darrin Black   ·   0 Comments

Short Interest Don't Lie: It Seems Vectren Corporation (NYSE:VVC) Will Go Up. Just Reported Less Shorted Shares

The stock of Vectren Corporation (NYSE:VVC) registered a decrease of 12.14% in short interest. VVC’s total short interest was 658,600 shares in November as published by FINRA. Its down 12.14% from 749,600 shares, reported previously. With 265,700 shares average volume, it will take short sellers 3 days to cover their VVC’s short positions. The short interest to Vectren Corporation’s float is 0.8%. The stock closed at $47.74 during the last session. It is down 5.20% since April 19, 2016 and is downtrending. It has underperformed by 9.06% the S&P500.

Vectren Corporation is an energy holding Company. The company has a market cap of $3.94 billion. The Firm segregates its activities into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. It has a 19.07 P/E ratio. The Company’s subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings or VUHI), serves as the intermediate holding firm for three public utilities: Indiana Gas Company, Inc. (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc. (VEDO).

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.40, from 1.4 in 2016Q1. The ratio worsened, as 16 funds sold all Vectren Corp shares owned while 82 reduced positions. 32 funds bought stakes while 105 increased positions. They now own 50.71 million shares or 6.18% less from 54.05 million shares in 2016Q1.
Nomura Asset Co Ltd accumulated 0% or 1,580 shares. Weaver C Barksdale & Associate accumulated 200 shares or 0.02% of the stock. Geode Capital Mngmt Lc has invested 0.02% of its portfolio in Vectren Corp (NYSE:VVC). Gsa Cap Prns Llp accumulated 15,650 shares or 0.05% of the stock. Fire Group Inc Incorporated has 26,658 shares for 0.56% of their US portfolio. Albion Gp Ut accumulated 4,000 shares or 0.04% of the stock. Virginia Retirement Et Al holds 0.01% or 13,900 shares in its portfolio. Prudential Public Limited Co accumulated 0% or 5,800 shares. Moreover, Dalton Greiner Hartman Maher & has 1.09% invested in Vectren Corp (NYSE:VVC) for 333,253 shares. State Bank Of Montreal Can last reported 0% of its portfolio in the stock. Foster & Motley has invested 0.63% of its portfolio in Vectren Corp (NYSE:VVC). Hl Financial Services Limited Liability reported 25,241 shares or 0.03% of all its holdings. Marshall Wace Llp holds 8,646 shares or 0% of its portfolio. Gemmer Asset Lc has invested 0% of its portfolio in Vectren Corp (NYSE:VVC). Lynch And Assoc In holds 1.74% of its portfolio in Vectren Corp (NYSE:VVC) for 74,038 shares.

Vectren Corp (NYSE:VVC) Ratings Coverage

Out of 2 analysts covering Vectren Corp (NYSE:VVC), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Vectren Corp has been the topic of 2 analyst reports since September 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Saturday, September 5 by Zacks. As per Wednesday, July 27, the company rating was maintained by Citigroup.

VVC Company Profile

Vectren Corporation (Vectren), incorporated on June 10, 1999, is an energy holding Company. The Firm segregates its activities into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company’s subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings or VUHI), serves as the intermediate holding firm for three public utilities: Indiana Gas Company, Inc. (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc. (VEDO). The Company, through Vectren Enterprises Inc. (Enterprises), is involved in non-utility activities in two primary business areas: Infrastructure Services and Energy Services. Infrastructure Services provides underground pipeline construction and repair services. Energy Services provides energy performance contracting and sustainable infrastructure, such as renewables, distributed generation, and combined heat and power projects.

More recent Vectren Corp (NYSE:VVC) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 21, 2011. Also Streetinsider.com published the news titled: “Vectren Corp. (VVC) Tops Q3 EPS by 10c; Reaffirms” on November 03, 2016. Seekingalpha.com‘s news article titled: “Vectren Corp’s (VVC) CEO Carl Chapman on Q3 2016 Results – Earnings Call …” with publication date: November 06, 2016 was also an interesting one.

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By Darrin Black


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