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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Pepco from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Pepco Price Performance

Shares of NASDAQ POM traded down $0.12 during midday trading on Friday, reaching $1.53. 30,930 shares of the company’s stock traded hands, compared to its average volume of 58,605. The stock’s 50 day simple moving average is $2.31 and its 200-day simple moving average is $4.34. Pepco has a one year low of $1.17 and a one year high of $115.74.

Pepco (NASDAQ:POM) last issued its quarterly earnings data on Thursday, May 14th. The utilities provider reported ($0.13) EPS for the quarter. The company 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.