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

Pepco Holdings Inc (NASDAQ:POM) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 24,476 shares, a decrease of 67.1% from the June 30th total of 74,419 shares. Based on an average daily trading volume, of 32,005 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Pepco Price Performance

NASDAQ POM opened at $0.71 on Friday. Pepco has a 12 month low of $0.63 and a 12 month high of $115.74. The stock has a 50 day moving average of $1.62 and a 200-day moving average of $4.01.

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

Pepco Company Profile

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.