Pepco Holdings Inc (NASDAQ:POM) Short Interest Down 83.3% in June

Pepco Holdings Inc (NASDAQ:POM) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 74,419 shares, a drop of 83.3% from the June 15th total of 444,423 shares. Based on an average daily trading volume, of 85,532 shares, the short-interest ratio is presently 0.9 days. Currently, 1.0% of the company’s stock are sold short.

Pepco Stock Down 7.3%

POM stock traded down $0.12 on Friday, hitting $1.53. 30,930 shares of the company’s stock were exchanged, compared to its average volume of 58,605. The firm has a 50 day moving average price of $2.31 and a two-hundred day moving average price of $4.34. Pepco has a 12-month low of $1.17 and a 12-month high of $115.74.

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

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Pepco from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.