November 23, 2016 - By Ellis Scott · 0 Comments
The stock of Atlantica Yield Plc Ord (NASDAQ:ABY) registered a decrease of 9.05% in short interest. ABY’s total short interest was 4.05 million shares in November as published by FINRA. Its down 9.05% from 4.46M shares, reported previously. With 271,700 shares average volume, it will take short sellers 15 days to cover their ABY’s short positions. The short interest to Atlantica Yield Plc Ord’s float is 8.34%. The stock closed at $18.33 during the last session. It is down 1.19% since April 21, 2016 and is downtrending. It has underperformed by 6.52% the S&P500.
Atlantica Yield Plc owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. The company has a market cap of $1.87 billion. The Firm owns approximately 20 assets, comprising 1,441 mega watts of renewable energy generation, 300 mega watts of conventional power generation, 1,099 miles of electric transmission lines and 10.5 Mft3 per day of water assets. It currently has negative earnings. The Company’s portfolio is diversified both by business segment and geography.
Out of 3 analysts covering Abengoa Yield (NASDAQ:ABY), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Abengoa Yield has been the topic of 8 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, November 30 by Bank of America. The rating was downgraded by Bank of America on Tuesday, September 8 to “Neutral”. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 3. The company was downgraded on Wednesday, September 30 by Morgan Stanley. As per Tuesday, August 11, the company rating was maintained by Canaccord Genuity. The rating was downgraded by Canaccord Genuity to “Hold” on Monday, November 30.
Atlantica Yield Plc, incorporated on December 17, 2013, owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. The Firm owns approximately 20 assets, comprising 1,441 mega watts of renewable energy generation, 300 mega watts of conventional power generation, 1,099 miles of electric transmission lines and 10.5 Mft3 per day of water assets.
More recent Atlantica Yield PLC (NASDAQ:ABY) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 24, 2011. Also Globenewswire.com published the news titled: “Abengoa Yield Changes Its Corporate Brand to Atlantica Yield” on January 07, 2016. Globenewswire.com‘s news article titled: “Atlantica Yield to Present Second Quarter 2016 Financial Results on August 5” with publication date: August 03, 2016 was also an interesting one.
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By Ellis Scott