Pepco Holdings Inc (NASDAQ:POM) Sees Large Growth in Short Interest

Pepco Holdings Inc (NASDAQ:POM) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 701,443 shares, a growth of 200.4% from the April 15th total of 233,506 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 2,422,514 shares, the days-to-cover ratio is presently 0.3 days.

Pepco Stock Performance

NASDAQ:POM traded down $0.00 on Friday, reaching $0.11. 1,376,458 shares of the stock traded hands, compared to its average volume of 20,636,400. The company’s 50 day moving average is $0.32 and its 200-day moving average is $1.35. Pepco has a 1-year low of $0.06 and a 1-year high of $6.43.

Pepco (NASDAQ:POM) last released its earnings results on Thursday, May 14th. The utilities provider reported ($0.12) earnings per share for the quarter. The business had revenue of $16.40 million for the quarter.

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.