Wgl Holdings Incorporated (NYSE:WGL) Shorted Shares Decreased By 19.61%

The stock of Wgl Holdings Incorporated (NYSE:WGL) registered a decrease of 19.61% in short interest. WGL’s total short interest was 1.31 million shares in September as published by FINRA. Its down 19.61% from 1.63M shares, reported previously. With 205,400 shares average volume, it will take short sellers 6 days to cover their WGL’s short positions. The short interest to Wgl Holdings Incorporated’s float is 2.59%. The stock decreased 0.19% or $0.12 during the last trading session, hitting $63.65. WGL Holdings Inc (NYSE:WGL) has declined 7.98% since February 25, 2016 and is downtrending. It has underperformed by 19.24% the S&P500.

WGL Holdings, Inc. is a holding company. The company has a market cap of $3.21 billion. The Firm operates through four divisions. It has a 17.94 P/E ratio. The Regulated Utility segment consists of Washington Gas Light Company, which provides regulated gas distribution services to end use clients and natural gas transportation services to an unaffiliated natural gas distribution firm and Hampshire Gas Company, which provides regulated interstate natural gas storage services.

Insitutional Activity: The institutional sentiment increased to 1.09 in Q2 2016. Its up 0.04, from 1.05 in 2016Q1. The ratio is positive, as 20 funds sold all WGL Holdings Inc shares owned while 79 reduced positions. 25 funds bought stakes while 83 increased positions. They now own 34.12 million shares or 1.38% more from 33.66 million shares in 2016Q1.

Hwg Holdings Lp holds 1.71% of its portfolio in WGL Holdings Inc for 25,977 shares. Fca Corp Tx owns 46,851 shares or 1.69% of their US portfolio. Moreover, Electron Capital Partners Llc has 1.51% invested in the company for 86,608 shares. The California-based Financial Engines Advisors L.L.C. has invested 1.47% in the stock. Earnest Partners Llc, a Georgia-based fund reported 1.45 million shares.

Out of 2 analysts covering WGL Holdings (NYSE:WGL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. WGL Holdings has been the topic of 2 analyst reports since January 6, 2016 according to StockzIntelligence Inc. BB&T Capital initiated the stock on March 30 with “Hold” rating.

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