GE Vernova Inc. (NYSE:GEV) Short Interest Update

GE Vernova Inc. (NYSE:GEV) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 5,190,000 shares, an increase of 11.1% from the October 31st total of 4,670,000 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 2,840,000 shares, the days-to-cover ratio is currently 1.8 days.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GEV shares. Jefferies Financial Group raised their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. HSBC reissued a “hold” rating and issued a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Barclays increased their price objective on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Morgan Stanley upped their price target on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI raised their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $275.34.

GE Vernova Stock Performance

Shares of NYSE GEV traded down $5.62 during mid-day trading on Tuesday, reaching $331.92. 2,102,749 shares of the company were exchanged, compared to its average volume of 3,461,832. The company’s 50-day simple moving average is $295.95 and its 200-day simple moving average is $221.35. GE Vernova has a twelve month low of $115.00 and a twelve month high of $357.09.

Institutional Investors Weigh In On GE Vernova

A number of institutional investors have recently made changes to their positions in the company. Mountaineer Partners Management LLC bought a new stake in GE Vernova in the 3rd quarter valued at $2,507,296,000. Newport Trust Company LLC acquired a new stake in shares of GE Vernova during the second quarter worth $650,140,000. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova in the second quarter valued at about $537,674,000. Marshall Wace LLP acquired a new position in shares of GE Vernova in the second quarter valued at about $399,770,000. Finally, Legal & General Group Plc bought a new position in GE Vernova during the second quarter worth about $293,699,000.

About GE Vernova

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.