Pepco Holdings Inc (NASDAQ:POM) Short Interest Down 52.4% in May

Pepco Holdings Inc (NASDAQ:POM) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 581,349 shares, a decrease of 52.4% from the May 14th total of 1,220,775 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,159,631 shares, the days-to-cover ratio is currently 0.5 days.

Pepco Stock Performance

NASDAQ POM traded down $0.01 during trading on Friday, hitting $0.10. 602,748 shares of the company’s stock traded hands, compared to its average volume of 1,325,836. The stock has a fifty day moving average of $0.23 and a two-hundred day moving average of $0.67. Pepco has a 12-month low of $0.06 and a 12-month high of $6.43.

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

Pepco Company Profile

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.