Short Interest Change: Could Avangrid Incorporated (NYSE:AGR) Skyrocket? The Stock Has Too Many Sellers

November 23, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Change: Could Avangrid Incorporated (NYSE:AGR) Skyrocket? The Stock Has Too Many Sellers

The stock of Avangrid Incorporated (NYSE:AGR) registered an increase of 1.17% in short interest. AGR’s total short interest was 1.41M shares in November as published by FINRA. Its up 1.17% from 1.40 million shares, reported previously. With 543,600 shares average volume, it will take short sellers 3 days to cover their AGR’s short positions. The short interest to Avangrid Incorporated’s float is 2.55%. About 110,348 shares traded hands. Avangrid Inc (NYSE:AGR) has risen 0.05% since April 21, 2016 and is uptrending. It has underperformed by 5.28% the S&P500.

Avangrid, Inc. is a diversified energy and utility firm with more than $30 billion in assets and activities in 25 states. The company has a market cap of $11.53 billion. The firm operates regulated utilities and electricity generation through two primary lines of business. It has a 15.28 P/E ratio. Avangrid Networks includes eight electric and natural gas utilities, serving approximately 3.1 million clients in New York and New England.

Avangrid Inc (NYSE:AGR) Ratings Coverage

Out of 5 analysts covering Avangrid (NYSE:AGR), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. Avangrid has been the topic of 8 analyst reports since December 22, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the shares of AGR in a report on Friday, September 23 to “Underweight” rating. JP Morgan maintained it with “Neutral” rating and $38 target price in Tuesday, February 23 report. The firm has “Outperform” rating given on Wednesday, December 30 by Wells Fargo. The stock has “Outperform” rating given by Macquarie Research on Thursday, January 21. The firm has “Neutral” rating given on Tuesday, December 22 by JP Morgan. Macquarie Research maintained the shares of AGR in a report on Tuesday, February 23 with “Outperform” rating. The firm earned “Neutral” rating on Tuesday, February 23 by Janney Capital. The rating was initiated by Guggenheim with “Neutral” on Thursday, September 8.

AGR Company Profile

Avangrid, Inc. is a diversified energy and utility firm with more than $30 billion in assets and activities in 25 states. The firm operates regulated utilities and electricity generation through two primary lines of business.

More important recent Avangrid Inc (NYSE:AGR) news were published by: Marketwatch.com which released: “Avangrid stock price target cut to $41 from $44 at JP Morgan” on April 06, 2010, also Businesswire.com published article titled: “AVANGRID, Inc. Names Calderón, Timm as Directors”, Forbes.com published: “Avangrid Stock Getting Very Oversold” on August 26, 2016. More interesting news about Avangrid Inc (NYSE:AGR) was released by: Businesswire.com and their article: “AVANGRID, Inc. will join NYSE tomorrow with $30 billion of assets in wind …” with publication date: December 16, 2015.

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By Clifton Ray


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