General Electric Company (NYSE:GE) Just Reported Decreased Shorts

May 17, 2018 - By Alfred Lee

General Electric Company (NYSE:GE) Logo

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It turned negative, as 153 investors sold General Electric Company shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported.
313,240 are held by Busey Trust. Telos Mgmt Incorporated has 0.77% invested in General Electric Company (NYSE:GE). Ancora Advsrs Ltd Liability Com owns 0.11% invested in General Electric Company (NYSE:GE) for 115,491 shares. Daiwa Sb Ltd owns 2,050 shares. Aimz Invest Advsr Ltd invested in 16,850 shares or 0.22% of the stock. Moreover, Lbmc Invest Advisors Ltd Com has 0.05% invested in General Electric Company (NYSE:GE). Ifc Hldgs Fl reported 0.14% stake. First Financial Bank Trust Of Newtown holds 0.94% in General Electric Company (NYSE:GE) or 200,199 shares. Spears Abacus Advisors has 875,997 shares for 1.86% of their portfolio. Moreover, Segment Wealth Mngmt Llc has 0.1% invested in General Electric Company (NYSE:GE) for 23,722 shares. Franklin Res stated it has 1.55% of its portfolio in General Electric Company (NYSE:GE). Financial Advisory Service invested in 20,181 shares. Brave Asset Mgmt has invested 0.35% in General Electric Company (NYSE:GE). Utah Retirement holds 1.62M shares. 43,080 are held by Buffington Mohr Mcneal.

Since January 26, 2018, it had 1 insider purchase, and 0 sales for $43,446 activity.

The stock of General Electric Company (NYSE:GE) registered a decrease of 2.17% in short interest. GE’s total short interest was 146.87M shares in May as published by FINRA. Its down 2.17% from 150.12 million shares, reported previously. With 79.17M shares average volume, it will take short sellers 2 days to cover their GE’s short positions.

The stock decreased 0.07% or $0.01 during the last trading session, reaching $15.02. About 48.37 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 17, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

General Electric Company operates as an infrastructure and technology firm worldwide. The company has market cap of $130.45 billion. The Company’s Power segment offers gas and steam power systems; maintenance, service, and upgrade solutions; distributed power gas engines; water treatment, wastewater treatment, and process system solutions; and nuclear reactors, fuels, and support services. It currently has negative earnings. The companyÂ’s Renewable Energy segment provides wind turbine platforms, and hardware and software; onshore and offshore wind turbines; and solutions, products, and services to hydropower industry.

General Electric Company (NYSE:GE) Ratings Coverage

Among 16 analysts covering General Electric (NYSE:GE), 3 have Buy rating, 4 Sell and 9 Hold. Therefore 19% are positive. General Electric had 25 analyst reports since November 21, 2017 according to SRatingsIntel. The company was maintained on Thursday, February 15 by Stifel Nicolaus. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Vertical Research on Tuesday, January 16. The rating was downgraded by Bank of America on Monday, January 22 to “Hold”. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by Deutsche Bank on Tuesday, November 21. Stifel Nicolaus maintained the stock with “Hold” rating in Sunday, December 10 report. The stock has “Hold” rating by UBS on Tuesday, January 23. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, April 3. As per Thursday, December 28, the company rating was maintained by Tigress Financial. The company was maintained on Monday, April 9 by J.P. Morgan. The rating was downgraded by DZ Bank to “Sell” on Wednesday, March 28.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE Stock: Situation Simplified” on April 26, 2018, also 9News.com with their article: “Southwest Airlines finds no fan blade failures, but sends ‘several dozen’ for further examination” published on May 17, 2018, 247Wallst.com published: “Why General Electric Earnings Are Brightening Investors’ Morning” on April 20, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Fool.com and their article: “How General Electric Has Changed in the Last 2 Years” published on May 16, 2018 as well as Benzinga.com‘s news article titled: “Analyst: Wabtec A Buy On Potential GE Synergies” with publication date: April 23, 2018.

General Electric Company (NYSE:GE) Institutional Positions Chart

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