Short Interest Runner: Avista Corporation (NYSE:AVA) Just Reported Increased Shorts

November 23, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Runner: Avista Corporation (NYSE:AVA) Just Reported Increased Shorts

The stock of Avista Corporation (NYSE:AVA) registered an increase of 6.86% in short interest. AVA’s total short interest was 1.72 million shares in November as published by FINRA. Its up 6.86% from 1.61 million shares, reported previously. With 219,900 shares average volume, it will take short sellers 8 days to cover their AVA’s short positions. The short interest to Avista Corporation’s float is 2.72%. About 122,839 shares traded hands. Avista Corp (NYSE:AVA) has risen 6.25% since April 21, 2016 and is uptrending. It has outperformed by 0.92% the S&P500.

Avista Corporation is an electric and natural gas utility with certain other business ventures. The company has a market cap of $2.66 billion. The Firm operates through two business divisions: Avista Utilities, and Alaska Electric Light and Power Company . It has a 19.68 P/E ratio. Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas clients in eastern Washington and northern Idaho and natural gas clients in parts of Oregon.

Insitutional Activity: The institutional sentiment increased to 1.46 in Q2 2016. Its up 0.41, from 1.05 in 2016Q1. The ratio is positive, as 21 funds sold all Avista Corp shares owned while 72 reduced positions. 13 funds bought stakes while 85 increased positions. They now own 41.14 million shares or 0.90% less from 41.51 million shares in 2016Q1.
Commonwealth Equity Services owns 34,011 shares or 0.01% of their US portfolio. Bnp Paribas Arbitrage, a New York-based fund reported 31,749 shares. Lpl Financial Limited Com owns 26,205 shares or 0.01% of their US portfolio. Gabelli Funds holds 0.12% of its portfolio in Avista Corp (NYSE:AVA) for 457,000 shares. New York State Teachers Retirement Systems reported 212,671 shares or 0.03% of all its holdings. Smith Asset Mgmt Gru L P, a Texas-based fund reported 583 shares. Northern Trust accumulated 1.73 million shares or 0.03% of the stock. Public Employees Retirement Association Of Colorado holds 0.01% or 16,417 shares in its portfolio. Gabelli accumulated 0.12% or 20,000 shares. State Common Retirement Fund last reported 106,190 shares in the company. Churchill Mgmt last reported 70,939 shares in the company. Carroll has invested 0.01% of its portfolio in Avista Corp (NYSE:AVA). Gw Henssler last reported 0.48% of its portfolio in the stock. The United Kingdom-based Barclays Pcl has invested 0% in Avista Corp (NYSE:AVA). Commercial Bank Of Ny Mellon owns 1.04 million shares or 0.01% of their US portfolio.

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 7 selling transactions for $499,901 net activity. ANDERSON ERIK J sold $202,142 worth of stock. STANLEY HEIDI B had sold 1,000 shares worth $41,690. The insider Thackston Jason R sold $38,855. KENSOK JAMES M sold $12,492 worth of Avista Corp (NYSE:AVA) on Tuesday, June 7. 3,500 shares were sold by DURKIN MARIAN M, worth $148,960 on Friday, August 12. 25,000 shares were sold by FELTES KAREN S, worth $1.00M on Friday, May 27.

Avista Corp (NYSE:AVA) Ratings Coverage

Out of 3 analysts covering Avista (NYSE:AVA), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Avista has been the topic of 3 analyst reports since March 18, 2016 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, March 31 by Mizuho. UBS downgraded Avista Corp (NYSE:AVA) on Friday, March 18 to “Sell” rating. The company was maintained on Thursday, September 22 by Williams Capital Group.

AVA Company Profile

Avista Corporation, incorporated on March 15, 1889, is an electric and natural gas utility with certain other business ventures. The Firm operates through two business divisions: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment comprises regulated utility activities in the Pacific Northwest. AEL&P is a utility providing electric services in Juneau, Alaska. The Firm operates other businesses, including sheet metal fabrication, venture fund investments and real estate investments, as well as certain other investments of Avista Capital, Inc., a subsidiary of the Company. Through Advanced Manufacturing and Development (AM&D), doing business as METALfx, the Company performs custom sheet metal fabrication of electronic enclosures, parts and systems for the computer, construction, telecommunication, renewable energy and medical industries.

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