Short Interest in Pepco Holdings Inc (NASDAQ:POM) Declines By 67.1%

Pepco Holdings Inc (NASDAQ:POM) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 24,476 shares, a decline of 67.1% from the June 30th total of 74,419 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 32,005 shares, the days-to-cover ratio is presently 0.8 days.

Pepco Trading Down 0.6%

Shares of POM opened at $0.71 on Friday. Pepco has a 52 week low of $0.63 and a 52 week high of $115.74. The firm’s 50-day simple moving average is $1.62 and its 200 day simple moving average is $4.01.

Pepco (NASDAQ:POM) last issued its quarterly earnings data on Thursday, May 14th. The utilities provider reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $16.40 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Pepco from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Pepco

Pepco Holdings LLC, formerly Pepco Holdings, Inc, is a holding company. The Company, through its utility subsidiaries, is engaged in the transmission, distribution and default supply of electricity, and the distribution and supply of natural gas. The Company’s segments include Power Delivery, Pepco Energy Services, and Corporate and Other. The Company’s subsidiaries include Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Pepco is engaged in the transmission, distribution and default supply of electricity.