AES Corp. Short Interest Up 37.4% in May (AES)
AES Corp. (NYSE:AES) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 11,016,537 shares, an increase of 37.4% from the April 30th total of 8,016,737 shares, ARN reports. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 4,194,166 shares, the days-to-cover ratio is presently 2.6 days.
A number of research firms have recently commented on AES. Analysts at Zacks reiterated a “neutral” rating on shares of AES Corp. in a research note on Friday. They now have a $15.00 price target on the stock. Analysts at Morgan Stanley initiated coverage on shares of AES Corp. in a research note on Thursday, May 22nd. They set an “equal weight” rating and a $15.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $15.90.
Shares of AES Corp. (NYSE:AES) opened at 14.46 on Monday. AES Corp. has a 52 week low of $11.17 and a 52 week high of $15.54. The stock has a 50-day moving average of $14.14 and a 200-day moving average of $14.21. The company’s market cap is $10.488 billion.
AES Corp. (NYSE:AES) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.03. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that AES Corp. will post $1.33 earnings per share for the current fiscal year.
The AES Corporation (NYSE:AES) owns a portfolio of electricity generation and distribution businesses on five continents in 27 countries, with total capacity of approximately 44,200 megawatts and distribution networks.
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