What’s Algonquin Power & Utilities Corphares (NYSE:AQN) Upside After This Short Interest Decrease?

June 18, 2018 - By Hazel Jackson

The stock of Algonquin Power & Utilities Corphares (NYSE:AQN) registered a decrease of 89.83% in short interest. AQN’s total short interest was 669,200 shares in June as published by FINRA. Its down 89.83% from 6.58 million shares, reported previously. With 183,200 shares average volume, it will take short sellers 4 days to cover their AQN’s short positions. The short interest to Algonquin Power & Utilities Corphares’s float is 0.17%.

The stock decreased 0.94% or $0.09 during the last trading session, reaching $9.53. About 54,204 shares traded. Algonquin Power & Utilities Corp. (NYSE:AQN) has declined 3.32% since June 18, 2017 and is downtrending. It has underperformed by 15.89% the S&P500.

Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, transmission, and distribution of utility assets in North America. The company has market cap of $4.59 billion. The firm generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities. It has a 142.24 P/E ratio. It owns or has interests in hydroelectric facilities with a combined generating capacity of approximately 120 megawatts ; wind powered generating facilities with a combined generating capacity of 1,050 MW; and solar energy facilities with a combined generating capacity of 40 MW, as well as interests in thermal energy facilities with a combined generating capacity of 335 MW.

More notable recent Algonquin Power & Utilities Corp. (NYSE:AQN) news were published by: Fool.ca which released: “Start Your Portfolio With These 4 Incredible Income Stocks” on June 11, 2018, also Fool.ca with their article: “Hydro One Ltd. Could Be a Steal at Under $20” published on May 27, 2018, Fool.ca published: “Here Are 2 of the Best Utility Stocks to Buy and Forget” on June 02, 2018. More interesting news about Algonquin Power & Utilities Corp. (NYSE:AQN) were released by: Fool.ca and their article: “2 Cheap Dividend Stocks to Buy Now” published on June 18, 2018 as well as Fool.ca‘s news article titled: “Algonquin Power and Utilities Corp. (TSX:AQN) vs. Fortis Inc. (TSX:FTS): Which Dividend Stock Is a Better Buy?” with publication date: May 29, 2018.

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