Short Interest of The Day: Is Buying General Electric Company (NYSE:GE) Here Good Idea?

November 25, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest of The Day: Is Buying General Electric Company (NYSE:GE) Here Good Idea?

The stock of General Electric Company (NYSE:GE) registered a decrease of 5.97% in short interest. GE’s total short interest was 109.13M shares in November as published by FINRA. Its down 5.97% from 116.06M shares, reported previously. With 37.08 million shares average volume, it will take short sellers 3 days to cover their GE’s short positions. The stock increased 0.35% or $0.11 during the last trading session, hitting $31.44. About 12.98 million shares traded hands. General Electric Company (NYSE:GE) has risen 1.89% since April 22, 2016 and is uptrending. It has underperformed by 3.52% the S&P500.

General Electric Company is a global digital industrial company. The company has a market cap of $279.56 billion. The Company’s services and products range from aircraft engines, power generation and gas and oil production equipment to medical imaging, financing and industrial products. It has a 30.92 P/E ratio.

Insitutional Activity: The institutional sentiment increased to 0.89 in 2016 Q2. Its up 0.07, from 0.82 in 2016Q1. The ratio is positive, as 70 funds sold all General Electric Company shares owned while 836 reduced positions. 80 funds bought stakes while 660 increased positions. They now own 4.91 billion shares or 3.51% less from 5.09 billion shares in 2016Q1.
Natixis has 43,214 shares for 0.02% of their US portfolio. Essex Service, a Connecticut-based fund reported 550,492 shares. Cap Advisors Limited Lc last reported 6,645 shares in the company. Columbia Asset Management has 266,607 shares for 2.99% of their US portfolio. The New Jersey-based Raab Moskowitz Asset Management Ltd Liability has invested 3.32% in General Electric Company (NYSE:GE). Saturna Capital holds 0.01% or 13,654 shares in its portfolio. Chatham Cap Group Inc last reported 35,010 shares in the company. Moreover, Cap Inv Of America Inc has 0.09% invested in General Electric Company (NYSE:GE) for 15,175 shares. Victory Mgmt last reported 2.72M shares in the company. Cue Fincl Group Inc Inc Inc owns 21,045 shares or 0.57% of their US portfolio. Brookfield Asset Incorporated reported 75,250 shares or 0.01% of all its holdings. Garrison holds 99,513 shares or 2.1% of its portfolio. Factory Mutual Insurance accumulated 1.54% or 3.72M shares. Front Barnett Associate Ltd Liability holds 81,672 shares or 0.52% of its portfolio. Somerville Kurt F has invested 0.89% of its portfolio in General Electric Company (NYSE:GE).

Insider Transactions: Since July 26, 2016, the stock had 2 insider buys, and 0 sales for $3.03 million net activity. 50,000 shares were bought by IMMELT JEFFREY R, worth $1.46 million.

General Electric Company (NYSE:GE) Ratings Coverage

Out of 19 analysts covering General Electric Company (NYSE:GE), 10 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 53% are positive. General Electric Company has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Underweight” rating on Thursday, May 12 by JP Morgan. Deutsche Bank maintained General Electric Company (NYSE:GE) rating on Tuesday, August 25. Deutsche Bank has “Hold” rating and $29 price target. The stock has “Buy” rating given by TheStreet on Tuesday, July 21. The stock of General Electric Company (NYSE:GE) earned “Equal-Weight” rating by Morgan Stanley on Thursday, October 6. The stock of General Electric Company (NYSE:GE) has “Overweight” rating given on Monday, October 5 by Barclays Capital. On Monday, November 30 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was downgraded on Monday, September 21 by Oppenheimer. The company was upgraded on Wednesday, September 16 by Credit Suisse. The firm earned “Outperform” rating on Monday, October 19 by RBC Capital Markets. William Blair upgraded the shares of GE in a report on Tuesday, October 13 to “Outperform” rating.

GE Company Profile

General Electric Company (GE), incorporated on April 15, 1892, is a global digital industrial company. The Company’s services and products range from aircraft engines, power generation and gas and oil production equipment to medical imaging, financing and industrial products. The Company’s divisions include Power, Renewable Energy, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances & Lighting, and Capital.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE: Sculpting And Constructing A Digital Industrial Powerhouse” on November 25, 2016, also Wsj.com with their article: “General Electric to Buy Two Tech Startups for Its Digital Business” published on November 15, 2016, Nytimes.com published: “DealBook|General Electric Plans to Merge Its Oil and Gas Division With Baker …” on October 31, 2016. More interesting news about General Electric Company (NYSE:GE) were released by: Fool.com and their article: “How Will a Trump Presidency Affect General Electric?” published on November 22, 2016 as well as Wsj.com‘s news article titled: “General Electric Pursues Deal With Baker Hughes” with publication date: October 27, 2016.

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By Hazel Jackson

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