Avangrid Incorporated (NYSE:AGR) Shorted Shares Increased By 13.38%


The stock of Avangrid Incorporated (NYSE:AGR) registered an increase of 13.38% in short interest. AGR’s total short interest was 1.45 million shares in September as published by FINRA. Its up 13.38% from 1.28 million shares, reported previously. With 330,900 shares average volume, it will take short sellers 4 days to cover their AGR’s short positions. The short interest to Avangrid Incorporated’s float is 2.61%. About 271,150 shares traded hands. Avangrid Inc (NYSE:AGR) has declined 0.82% since February 8, 2016 and is downtrending. It has underperformed by 17.31% the S&P500.

Avangrid, Inc. is a diversified energy and utility firm with more than $30 billion in assets and activities in 25 states. The company has a market cap of $12.83 billion. The firm operates regulated utilities and electricity generation through two primary lines of business. It has a 18.34 P/E ratio. Avangrid Networks includes eight electric and natural gas utilities, serving approximately 3.1 million clients in New York and New England.

Out of 5 analysts covering Avangrid (NYSE:AGR), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Avangrid has been the topic of 7 analyst reports since December 22, 2015 according to StockzIntelligence Inc. Guggenheim initiated the stock on September 8 with “Neutral” rating.

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