Pepco Holdings Inc (NASDAQ:POM) Short Interest Down 52.4% in May

Pepco Holdings Inc (NASDAQ:POM) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 581,349 shares, a decrease of 52.4% from the May 14th total of 1,220,775 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,159,631 shares, the days-to-cover ratio is currently 0.5 days.

Pepco Stock Down 6.5%

POM traded down $0.01 during trading on Friday, reaching $0.10. The stock had a trading volume of 602,748 shares, compared to its average volume of 1,325,836. Pepco has a one year low of $0.06 and a one year high of $6.43. The business has a 50-day moving average of $0.23 and a 200-day moving average of $0.67.

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

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.