uploads/2016/06/SI-of-utility-stocks-1.png

Top 5 Utility Stocks by Short Interest–to–Equity Float Ratio

By

Updated

Utility stocks with high short interest–to–equity float ratios

As of June 22, 2016, NRG Energy (NRG) has the highest short interest–to–equity float ratio of all utility stocks (XLU). The company’s short interest-to-equity float ratio is 5.7%, the same as it was a month ago. Three months ago, its ratio was 5.9%.

The company’s short interest–to–equity float ratio has been almost constant in the last three months. However, over this period, the stock has risen 8.9%. Its net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) ratio is 6.5x. Its cash and cash equivalents were $2.1 billion, as of 1Q16.

Article continues below advertisement

TECO Energy saw the smallest rise

Currently, TECO Energy’s (TE) short interest–to–equity float ratio is 4.4%. One month ago, it was 4.7%. Three months ago, it was 4.5%.

In the last three months, TECO Energy has risen 0.73%—the least among utility stocks shown in the above table with high short interest. Its net debt-to-EBITDA ratio is 4.4x. Its cash and cash equivalents are $46.1 million.

CenterPoint Energy saw the biggest rise

CenterPoint Energy’s (CNP) short interest–to–equity float ratio is 3.7%. One month ago, it was 3.9%. Three months ago, it was 4.1%. Its net debt-to-EBITDA ratio is 4.1x. Its cash and cash equivalents were $218 million in 1Q16. In the last three months, the stock has risen 11%—the highest rise among the five utility players shown in the above graph with high short interest.

SCANA’s (SCG) short interest–to–equity float ratio is 4.2%. One month ago, it was 3.8%. Three months ago, it was 4.4%. In the last three months, the stock has risen 4.7%. Its net debt-to-EBITDA ratio is 4.3x. Its cash and cash equivalents were $86 million in 1Q16.

Consolidated Edison’s (ED) short interest–to–equity float ratio is 3.7%. One month ago, it was 6%. Three months ago, it was 5.2%. Its net debt-to-EBITDA ratio is 3.7x. Its cash and cash equivalents were $61 million in 1Q16. The stock has risen 2.4% in the last three months.

Advertisement

More From Market Realist