Pepco Holdings Inc (NASDAQ:POM) Sees Large Growth in Short Interest

Pepco Holdings Inc (NASDAQ:POM) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 701,443 shares, a growth of 200.4% from the April 15th total of 233,506 shares. Based on an average daily volume of 2,422,514 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.7% of the shares of the company are sold short.

Pepco Stock Performance

Shares of NASDAQ:POM traded down $0.01 on Thursday, reaching $0.12. 5,983,825 shares of the company’s stock were exchanged, compared to its average volume of 20,388,082. Pepco has a twelve month low of $0.06 and a twelve month high of $6.43. The company has a fifty day moving average of $0.32 and a 200-day moving average of $1.36.

Pepco (NASDAQ:POM) last issued its quarterly earnings results on Thursday, May 14th. The utilities provider reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $16.40 million during the quarter.

About Pepco

Pepco Holdings LLC, formerly Pepco Holdings, Inc, is a holding company. The Company, through its utility subsidiaries, is engaged in the transmission, distribution and default supply of electricity, and the distribution and supply of natural gas. The Company’s segments include Power Delivery, Pepco Energy Services, and Corporate and Other. The Company’s subsidiaries include Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Pepco is engaged in the transmission, distribution and default supply of electricity.