Bce Inc (NYSE:BCE) Has Decline in Shorts

May 17, 2018 - By Margaret Downey

BCE Inc. (NYSE:BCE) Logo

The stock of Bce Inc (NYSE:BCE) registered a decrease of 24.23% in short interest. BCE’s total short interest was 3.45M shares in May as published by FINRA. Its down 24.23% from 4.56M shares, reported previously. With 1.13 million shares average volume, it will take short sellers 3 days to cover their BCE’s short positions. The short interest to Bce Inc’s float is 0.38%.

The stock decreased 0.26% or $0.11 during the last trading session, reaching $42.26. About 402,675 shares traded. BCE Inc. (NYSE:BCE) has declined 3.54% since May 17, 2017 and is downtrending. It has underperformed by 15.09% the S&P500.

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television services to residential, business, and wholesale clients in Canada. The company has market cap of $37.76 billion. The firm operates through three divisions: Bell Wireless, Bell Wireline, and Bell Media. It has a 17.4 P/E ratio. The Bell Wireless segment offers integrated digital wireless voice and data communications services and products.

BCE Inc. (NYSE:BCE) Ratings Coverage

Among 2 analysts covering BCE Inc (NYSE:BCE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. BCE Inc had 2 analyst reports since November 21, 2017 according to SRatingsIntel. As per Friday, February 9, the company rating was maintained by Barclays Capital.

More notable recent BCE Inc. (NYSE:BCE) news were published by: Fool.ca which released: “4 Reasons I Still Prefer BCE Inc.” on May 14, 2018, also Fool.ca with their article: “Is Enbridge Inc. or BCE Inc. a Better Dividend Stock for Your RRSP Today?” published on May 10, 2018, Fool.ca published: “4 Great Investments That Will Provide You With Monthly Income” on May 12, 2018. More interesting news about BCE Inc. (NYSE:BCE) were released by: Fool.ca and their article: “BCE Inc. vs. Telus Corporation: Which Is the Better Buy for 2018?” published on May 08, 2018 as well as Fool.ca‘s news article titled: “TFSA Investors: 2 Cheap Dividend Stocks Trading Near Their 52-Week Lows” with publication date: May 15, 2018.

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