Fortis (FTS) Sees Significant Decrease in Short Interest
Fortis (NYSE:FTS) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 9,978,066 shares, a decrease of 76.7% from the October 14th total of 42,865,660 shares. Based on an average daily trading volume, of 745,796 shares, the short-interest ratio is presently 13.4 days.
Separately, National Bank Financial reaffirmed a “sector perform market weight” rating on shares of Fortis in a research report on Monday, November 7th.
Fortis (NYSE:FTS) opened at 29.40 on Tuesday. The firm has a market capitalization of $11.75 billion and a price-to-earnings ratio of 20.87. The company’s 50-day moving average price is $31.74 and its 200 day moving average price is $32.26. Fortis has a 12 month low of $24.63 and a 12 month high of $34.66.
The company also recently declared a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 18th will be given a dividend of $0.298 per share. The ex-dividend date of this dividend is Wednesday, November 16th.
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