The stock of Atlantica Yield Plc Ord (NASDAQ:ABY) registered an increase of 10.34% in short interest. ABY’s total short interest was 5.03 million shares in September as published by FINRA. Its up 10.34% from 4.56 million shares, reported previously. With 289,400 shares average volume, it will take short sellers 17 days to cover their ABY’s short positions. The short interest to Atlantica Yield Plc Ord’s float is 10.35%. About 272,342 shares traded hands. Atlantica Yield PLC (NASDAQ:ABY) has risen 17.92% since February 8, 2016 and is uptrending. It has outperformed by 1.43% the S&P500.
Atlantica Yield Plc owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. The company has a market cap of $1.87 billion. The Firm owns approximately 20 assets, comprising 1,441 mega watts of renewable energy generation, 300 mega watts of conventional power generation, 1,099 miles of electric transmission lines and 10.5 Mft3 per day of water assets. It currently has negative earnings. The Company’s portfolio is diversified both by business segment and geography.
Out of 3 analysts covering Abengoa Yield (NASDAQ:ABY), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $32 is the highest target while $16 is the lowest. The $21.75 average target is 15.69% above today’s ($18.8) stock price. Abengoa Yield has been the topic of 5 analyst reports since September 30, 2015 according to StockzIntelligence Inc. Canaccord Genuity downgraded the stock on November 30 to “Hold” rating. Morgan Stanley downgraded the shares of ABY in a report on September 30 to “Equal-Weight” rating.
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