The latest short interest data is available for the NYSE for the settlement date of June 15, 2015. It shows a share increase of 4,134,256.0 in total short term interest for Westar Energy Inc. (NYSE:WR). Since May 29, 2015, it has increased by 73.8% to 2,378,657.0. What is short interest? It is another “days to cover” measurement that takes into consideration the total shares short and average volume of traded shares per day. Then, the number of shares short is related to the average volume per day to figure out the total amount of trading days at the average volume that it would take to close out all the short positions, should every share traded that was representative of a short position was traded.
The average daily volume for Westar Energy Inc. (NYSE:WR) was at 1,192,687 shares on June 15, 2015. That meant its “days to cover” was 3.00 at the time the info was released. Over the last 52 weeks, the stock’s low was $33.73 per share and its high during that same timeframe was $44.03. As of its latest close, it was $34.69.
Prudential Financial Inc. (NYSE:PRU), for days to cover, reached 2. Its short interest increased 70.4% in the timeframe to 4,648,017.0 shares. In one month, shares were up 5.53%; they traded recently at $89.01. In the year, thus far, price per stock is down almost -2.84%. The range of 52 weeks is $74.51 – $94.30. The long-term trend has been up since the 4th of May in 2015.
Regarding Targa Resources Corp (NYSE:TRGP), it is up 73.6% to 1,859,449 shares. In one week, its price dropped -2.77%. Recently trade ended at $86.93, which was down approximately -18.16% for the year’s beginning to now. The range over the past 52 weeks is $82.09 – $145.00. The days to cover is 3.00 as of last calculation.
