Is Buying Avangrid Inc (NYSE:AGR), Having Higher Short Interest a Winning Strategy?

April 17, 2018 - By Tina Thibodeau

Avangrid, Inc. (NYSE:AGR) Logo

The stock of Avangrid Inc (NYSE:AGR) registered an increase of 0.13% in short interest. AGR’s total short interest was 2.04M shares in April as published by FINRA. Its up 0.13% from 2.04 million shares, reported previously. With 452,600 shares average volume, it will take short sellers 5 days to cover their AGR’s short positions. The short interest to Avangrid Inc’s float is 3.62%.

The stock increased 1.04% or $0.53 during the last trading session, reaching $51.46. About 84,422 shares traded. Avangrid, Inc. (NYSE:AGR) has risen 17.64% since April 17, 2017 and is uptrending. It has outperformed by 6.09% the S&P500.

Avangrid, Inc. operates as an energy services holding firm in the United States. The company has market cap of $15.91 billion. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It has a 41.84 P/E ratio. As of December 31, 2016, the firm delivered electricity to approximately 2.2 million electric utility customers, as well as natural gas to approximately 992,000 natural gas public utility customers; and owned approximately 67.5 billion cubic feet of net working gas storage capacity.

Avangrid, Inc. (NYSE:AGR) Ratings Chart

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