Short Interest in Pepco Holdings Inc (NASDAQ:POM) Declines By 67.1%

Pepco Holdings Inc (NASDAQ:POM) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 24,476 shares, a decline of 67.1% from the June 30th total of 74,419 shares. Based on an average trading volume of 32,005 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the company’s shares are short sold.

Pepco Price Performance

POM traded down $0.04 during trading on Tuesday, hitting $0.68. 13,844 shares of the company’s stock were exchanged, compared to its average volume of 206,105. Pepco has a 1 year low of $0.63 and a 1 year high of $115.74. The stock has a 50 day moving average price of $1.59 and a 200 day moving average price of $3.96.

Pepco (NASDAQ:POM) last posted its earnings results on Thursday, May 14th. The utilities provider reported ($0.13) earnings per share for the quarter. The company had revenue of $16.40 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Pepco from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Pepco Company Profile

Pepco Holdings LLC, formerly Pepco Holdings, Inc, is a holding company. The Company, through its utility subsidiaries, is engaged in the transmission, distribution and default supply of electricity, and the distribution and supply of natural gas. The Company’s segments include Power Delivery, Pepco Energy Services, and Corporate and Other. The Company’s subsidiaries include Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Pepco is engaged in the transmission, distribution and default supply of electricity.