Stock Short Interest Filing: Covanta Holding Corporation (NYSE:CVA) Stock Is Shorted Less

November 30, 2016 - By Darrin Black   ·   0 Comments

Stock Short Interest Filing: Covanta Holding Corporation (NYSE:CVA) Stock Is Shorted Less

The stock of Covanta Holding Corporation (NYSE:CVA) registered a decrease of 3.9% in short interest. CVA’s total short interest was 14.28 million shares in November as published by FINRA. Its down 3.9% from 14.86 million shares, reported previously. With 1.06M shares average volume, it will take short sellers 14 days to cover their CVA’s short positions. The short interest to Covanta Holding Corporation’s float is 12.5%. About 1.07M shares traded hands. Covanta Holding Corp (NYSE:CVA) has declined 10.35% since April 27, 2016 and is downtrending. It has underperformed by 15.58% the S&P500.

Covanta Holding Corporation is a holding company. The company has a market cap of $1.85 billion. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. It has a 31.07 P/E ratio. It operates through North America segment, which consists of waste and energy services activities located primarily in the United States and Canada.

Covanta Holding Corp (NYSE:CVA) Ratings Coverage

Out of 9 analysts covering Covanta (NYSE:CVA), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Covanta has been the topic of 27 analyst reports since October 8, 2015 according to StockzIntelligence Inc. Macquarie Research initiated the stock with “Neutral” rating in Friday, August 26 report. On Thursday, December 3 the stock rating was initiated by Oppenheimer with “Outperform”. The rating was maintained by Imperial Capital on Thursday, February 18 with “Outperform”. The firm has “Outperform” rating given on Tuesday, December 29 by Wedbush. Imperial Capital maintained Covanta Holding Corp (NYSE:CVA) on Thursday, October 29 with “Outperform” rating. The firm has “Equal-Weight” rating given on Tuesday, August 9 by Barclays Capital. The rating was maintained by Imperial Capital on Thursday, December 10 with “Outperform”. The firm has “Neutral” rating given on Friday, April 29 by Robert W. Baird. Barclays Capital upgraded the shares of CVA in a report on Monday, November 7 to “Overweight” rating. As per Thursday, February 18, the company rating was upgraded by Stifel Nicolaus.

CVA Company Profile

Covanta Holding Corporation, incorporated on April 16, 1992, is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The Firm operates through North America segment, which consists of waste and energy services activities located primarily in the United States and Canada. The energy-from-waste (EfW) serves over two markets as both a sustainable waste management solution and as a source of clean energy.

More notable recent Covanta Holding Corp (NYSE:CVA) news were published by: Prnewswire.com which released: “Covanta Holding Corporation to Present at Bank of America Merrill Lynch 2016 …” on November 18, 2016, also Prnewswire.com with their article: “Covanta Holding Corporation to Present at Robert W. Baird Industrial Conference” published on November 07, 2016, Prnewswire.com published: “Covanta Holding Corporation Third Quarter 2016 Earnings Conference Call To Be …” on October 11, 2016. More interesting news about Covanta Holding Corp (NYSE:CVA) were released by: Prnewswire.com and their article: “Covanta Holding Corporation Names Danielle Pletka and Michael W. Ranger to …” published on September 22, 2016 as well as Prnewswire.com‘s news article titled: “Covanta Holding Corporation Second Quarter 2016 Earnings Conference Call to be …” with publication date: July 07, 2016.

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By Darrin Black


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