The stock of Aes Corporation (NYSE:AES) registered a decrease of 5.11% in short interest. AES’s total short interest was 11.46M shares in September as published by FINRA. Its down 5.11% from 12.08 million shares, reported previously. With 4.40M shares average volume, it will take short sellers 3 days to cover their AES’s short positions. The short interest to Aes Corporation’s float is 1.74%. About 3.30 million shares traded hands. AES Corp (NYSE:AES) has risen 33.37% since February 8, 2016 and is uptrending. It has outperformed by 16.88% the S&P500.
The AES Corporation is a holding company. The company has a market cap of $8.33 billion. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It has a 67.11 P/E ratio. The Firm is organized into six strategic business units : the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
The institutional sentiment increased to 1.23 in Q2 2016. Its up 0.18, from 1.05 in 2016Q1. The ratio improved, as 32 funds sold all AES Corp shares owned while 119 reduced positions. 40 funds bought stakes while 145 increased positions. They now own 608.68 million shares or 2.18% less from 622.22 million shares in 2016Q1.
Capital International Sarl holds 4.22% of its portfolio in AES Corp for 3.97 million shares. Avenir Corp owns 3.91 million shares or 4% of their US portfolio. Moreover, Herndon Capital Management Llc has 3.98% invested in the company for 8.35 million shares. The California-based Capital International Inc Ca has invested 3.89% in the stock. Corbyn Investment Management Inc Md, a Maryland-based fund reported 937,370 shares.
Out of 6 analysts covering AES Corporation (NYSE:AES), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $14 is the highest target while $12 is the lowest. The $13.06 average target is 5.49% above today’s ($12.38) stock price. AES Corporation has been the topic of 6 analyst reports since September 24, 2015 according to StockzIntelligence Inc. Wolfe Research initiated the stock on November 4 with “Peer Perform” rating.
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