What’s Propelling Avangrid Inc (NYSE:AGR) After Lower Shorts Reported?

May 15, 2018 - By Dolores Ford

Avangrid, Inc. (NYSE:AGR) Logo

The stock of Avangrid Inc (NYSE:AGR) registered a decrease of 22.77% in short interest. AGR’s total short interest was 1.40 million shares in May as published by FINRA. Its down 22.77% from 1.81 million shares, reported previously. With 585,600 shares average volume, it will take short sellers 2 days to cover their AGR’s short positions. The short interest to Avangrid Inc’s float is 2.49%.

The stock decreased 0.61% or $0.32 during the last trading session, reaching $52.1. About 137,739 shares traded. Avangrid, Inc. (NYSE:AGR) has risen 17.64% since May 15, 2017 and is uptrending. It has outperformed by 6.09% the S&P500.

Avangrid, Inc. operates as an energy services holding firm in the United States. The company has market cap of $16.10 billion. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It has a 42.36 P/E ratio. As of December 31, 2016, the firm delivered electricity to approximately 2.2 million electric utility customers, as well as natural gas to approximately 992,000 natural gas public utility customers; and owned approximately 67.5 billion cubic feet of net working gas storage capacity.

Another recent and important Avangrid, Inc. (NYSE:AGR) news was published by Businesswire.com which published an article titled: “AVANGRID Completes Sale of Gas Storage Business To an Affiliate of ArcLight Capital Partners” on May 01, 2018.

Avangrid, Inc. (NYSE:AGR) Ratings Chart

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