Shorts Action: What Will Happen to AREVA – SOCIETE (OTCMKTS:ARVCF) Next? The Stock Has Increase in Shorts

November 24, 2016 - By Ruchi Gupta   ·   0 Comments

Shorts Action: What Will Happen to AREVA   SOCIETE (OTCMKTS:ARVCF) Next? The Stock Has Increase in Shorts

The stock of AREVA – SOCIETE (OTCMKTS:ARVCF) registered an increase of 1147.54% in short interest. ARVCF’s total short interest was 76,100 shares in November as published by FINRA. Its up 1147.54% from 6,100 shares, reported previously. With 400 shares average volume, it will take short sellers 190 days to cover their ARVCF’s short positions. The stock closed at $4.76 during the last session. It is down 0.83% since April 22, 2016 and is downtrending. It has underperformed by 6.24% the S&P500.

Areva SA is a France-based company, which offers technological solutions for nuclear power generation. The company has a market cap of $1.82 billion. The Firm operates five business divisions, Mining engaged in uranium mines exploration and operation activities; Front End, which converts and enriches the uranium and creates the fuel for the nuclear reactors; Reactors and Services, which includes activities of design, construction, propulsion and research of reactors, as well as maintenance of nuclear power plant; Back-End, which recycles used fuel and provides transport, clean-up and dismantling services and Renewable Energy, specialized in development of wind energy, bioenergy, solar power and hydrogen power solutions. It currently has negative earnings.

More notable recent Areva SA (OTCMKTS:ARVCF) news were published by: Marketwatch.com which released: “Areva loss widens; to sell assets, eye layoffs” on March 04, 2015, also Businesswire.com with their article: “AREVA SA Shareholders Approve Plan for Partial Contribution of Assets to NewCo” published on November 03, 2016, Wsj.com published: “Areva Finds Flaws in New Nuclear Reactor” on April 07, 2015. More interesting news about Areva SA (OTCMKTS:ARVCF) were released by: Wsj.com and their article: “French Government to Pour Cash Into Beleaguered Areva” published on June 03, 2015 as well as Wsj.com‘s news article titled: “EU Opens In-Depth Probe Into France’s Financing of Areva” with publication date: July 19, 2016.

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By Ruchi Gupta


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