Short Interest Runner: Aes Corporation (NYSE:AES) Reports Increase in Sellers; Strong Momentum for Short Players

November 23, 2016 - By Louis Casey   ·   0 Comments

Short Interest Runner: Aes Corporation (NYSE:AES) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Aes Corporation (NYSE:AES) registered an increase of 25.6% in short interest. AES’s total short interest was 13.76 million shares in November as published by FINRA. Its up 25.6% from 10.96 million shares, reported previously. With 4.74 million shares average volume, it will take short sellers 3 days to cover their AES’s short positions. The short interest to Aes Corporation’s float is 2.09%. About 1.81M shares traded hands. AES Corp (NYSE:AES) has risen 2.70% since April 21, 2016 and is uptrending. It has underperformed by 2.63% the S&P500.

The AES Corporation is a holding company. The company has a market cap of $7.41 billion. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It has a 60.91 P/E ratio. The Firm is organized into six strategic business units : the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.

Insitutional Activity: The institutional sentiment is 1.23 in 2016 Q2. Its the same as in 2016Q1. The ratio is the same, as 32 funds sold all AES Corp shares owned while 119 reduced positions. only 40 funds bought stakes while 145 increased positions. They now own 608.68 million shares or 2.18% less from 622.22 million shares in 2016Q1.
Da Davidson & holds 0.01% or 32,210 shares in its portfolio. Moreover, Nuveen Asset Management Ltd Liability Company has 0.02% invested in AES Corp (NYSE:AES) for 211,740 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.01% or 52,765 shares in its portfolio. Ajo Lp has 0.87% invested in the company for 15.74M shares. Daiwa Group Inc has invested 0.01% of its portfolio in AES Corp (NYSE:AES). Old National National Bank & Trust In owns 46,110 shares or 0.03% of their US portfolio. Eqis Cap Mngmt Incorporated last reported 19,409 shares in the company. Glob X Mngmt Ltd Liability last reported 90 shares in the company. Silvercrest Asset Mngmt Grp Inc Incorporated Limited Liability Com owns 12,010 shares or 0% of their US portfolio. Teacher Retirement Of Texas holds 0.01% or 130,588 shares in its portfolio. Moreover, Cap Investors has 0.33% invested in AES Corp (NYSE:AES) for 17.79M shares. Capital One Association has 40,107 shares for 0.04% of their US portfolio. Tokio Marine Asset Mngmt Ltd owns 28,742 shares or 0.04% of their US portfolio. Tcw last reported 0.85% of its portfolio in the stock. Meiji Yasuda Life Insurance owns 13,400 shares or 0.03% of their US portfolio.

AES Corp (NYSE:AES) Ratings Coverage

Out of 7 analysts covering AES Corporation (NYSE:AES), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. AES Corporation has been the topic of 9 analyst reports since September 24, 2015 according to StockzIntelligence Inc. On Monday, October 3 the stock rating was downgraded by UBS to “Sel”. The firm earned “Peer Perform” rating on Wednesday, November 4 by Wolfe Research. The firm earned “Hold” rating on Monday, October 19 by Argus Research. As per Tuesday, November 22, the company rating was downgraded by Bank of America. The firm earned “Equal Weight” rating on Tuesday, October 4 by Barclays Capital.

AES Company Profile

The AES Corporation, incorporated on January 28, 1981, is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Firm is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia. Within these SBUs, the Company has two lines of business: generation and utilities. The Company’s United States SBU has over 20 generation facilities and approximately two integrated utilities in the United States. The Company’s Andes SBU has generation facilities in over three countries: Chile, Colombia and Argentina. The Company’s Brazil SBU has generation and distribution businesses: Eletropaulo and Tiete. The Company’s MCAC SBU has a portfolio of distribution businesses and generation facilities, including renewable energy, in over five countries, with a total capacity of approximately 3,240 megawatt (MW) and distribution networks. The Company’s Europe SBU has generation facilities in over five countries and its Asia SBU has generation facilities in over four countries.

More important recent AES Corp (NYSE:AES) news were published by: 247Wallst.com which released: “More Worries for Utilities in 2017?” on November 22, 2016, also Zacks.com published article titled: “Why AES Corp. (AES) Might Surprise This Earnings Season”, Zacks.com published: “AES Corp. (AES) Misses Q3 Earnings, Keeps ’16 View (Revised)” on November 04, 2016. More interesting news about AES Corp (NYSE:AES) was released by: Prnewswire.com and their article: “Electric Utilities Stocks Under Scanner — Southern, AES Corp., PPL Corp., and …” with publication date: October 28, 2016.

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By Louis Casey


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