Will UIL Ltd Short Squeeze Soon?

 Will UIL Ltd Short Squeeze Soon?

The stock of UIL Ltd (LON:UTL) is a huge mover today! The stock increased 5.45% or GBX 7.5 on November 18, hitting GBX 145. About 24,005 shares traded hands. UIL Ltd (LON:UTL) has declined 31.06% since April 21, 2016 and is downtrending. It has underperformed by 35.49% the S&P500.
The move comes after 8 months negative chart setup for the GBX 195.00M company. It was reported on Nov, 18 by Barchart.com. We have GBX 124.70 PT which if reached, will make LON:UTL worth GBX 27.30M less.

More news for UIL Ltd (LON:UTL) were recently published by: Benzinga.com, which released: “David Einhorn Discusses His Q3 Performance And New Long Positions In UIL …” on October 22, 2015. Bloomberg.com‘s article titled: “Iberdrola to Buy UIL for $3 Billion for U.S. Expansion” and published on February 26, 2015 is yet another important article.

UIL Limited, formerly Utilico Investments Limited, is a closed end investment company. The company has a market cap of 195.00 million GBP. The Firm is engaged in investing the pooled funds of its shareholders in accordance with its investment objective and policy, generating a return for shareholders and spreading the investment risk. It has a 1.93 P/E ratio. The Company’s investment objective is to maximize shareholder returns by identifying and investing in investments across the world where the underlying value is not reflected in the market price.

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