Short Interest in Exelon Declines By 14.9% (EXC)
Exelon (NYSE:EXC) was the recipient of a large decline in short interest during the month of May. As of May 30th, there was short interest totalling 24,975,630 shares, a decline of 14.9% from the May 15th total of 29,349,036 shares, Stock Ratings News reports. Based on an average daily volume of 8,845,467 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.9% of the shares of the stock are short sold.
A number of research firms have recently commented on EXC. Analysts at Credit Suisse upgraded shares of Exelon from a “hold” rating to a “buy” rating in a research note on Tuesday, June 17th. They now have a $42.50 price target on the stock, up previously from $36.11. Separately, analysts at Jefferies Group upgraded shares of Exelon from a “hold” rating to a “buy” rating in a research note on Tuesday, June 17th. They now have a $42.50 price target on the stock, up previously from $37.50. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.86.
Shares of Exelon (NYSE:EXC) opened at 36.28 on Tuesday. Exelon has a one year low of $26.45 and a one year high of $37.73. The stock’s 50-day moving average is $35.91 and its 200-day moving average is $31.89. The company has a market cap of $31.154 billion and a P/E ratio of 17.45.
Exelon (NYSE:EXC) last released its earnings data on Wednesday, April 30th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.07. The company had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the company posted $0.70 earnings per share. On average, analysts predict that Exelon will post $2.37 earnings per share for the current fiscal year.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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