Pepco Holdings Inc (NASDAQ:POM) Sees Significant Decrease in Short Interest

Pepco Holdings Inc (NASDAQ:POM) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 74,419 shares, a decline of 83.3% from the June 15th total of 444,423 shares. Based on an average trading volume of 85,532 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the shares of the stock are short sold.

Pepco Price Performance

NASDAQ POM traded down $0.11 on Monday, hitting $1.42. 17,289 shares of the company were exchanged, compared to its average volume of 58,283. Pepco has a twelve month low of $1.17 and a twelve month high of $115.74. The company’s 50 day moving average price is $2.20 and its 200-day moving average price is $4.30.

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

Wall Street Analysts Forecast Growth

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

About Pepco

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.