Via Renewables, Inc. (NASDAQ:VIASP) Sees Large Growth in Short Interest

Via Renewables, Inc. (NASDAQ:VIASP) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 18,100 shares, an increase of 84.7% from the August 31st total of 9,800 shares. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is currently 2.3 days.

Via Renewables Stock Performance

Via Renewables stock opened at $25.51 on Friday. Via Renewables has a 52-week low of $20.30 and a 52-week high of $26.68. The firm has a 50 day moving average price of $25.69 and a two-hundred day moving average price of $24.91.

Via Renewables Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.6973 per share. This represents a $2.79 dividend on an annualized basis and a yield of 10.9%. This is an increase from Via Renewables’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Wednesday, October 1st.

Insider Activity at Via Renewables

In other Via Renewables news, CEO Daniel Ramot sold 500,000 shares of Via Renewables stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $43.10, for a total transaction of $21,550,000.00. Following the transaction, the chief executive officer directly owned 2,414,053 shares of the company’s stock, valued at approximately $104,045,684.30. The trade was a 17.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nechemia Jacob Peres sold 388,645 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $43.10, for a total value of $16,750,599.50. Following the completion of the sale, the director owned 6,425 shares in the company, valued at $276,917.50. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 913,645 shares of company stock worth $39,378,100 over the last three months.

Via Renewables Company Profile

Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.