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What Are the Top 5 Utility Stocks by Short Interest to Equity Float?

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

As of June 29, 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 5.4%. One month ago, its ratio was 5.7%. 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 13.1%, the highest among the utility stocks shown in the table below. Its net-debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) ratio is 6.49x. Its cash and cash equivalents were $2,046 million, as of 1Q16.

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TECO Energy saw the smallest rise

Currently, TECO Energy’s (TE) short-interest-to-equity float ratio is 4.1%. One month ago, it was 4.7%. Three months ago, it was 4.5%.

In the last three months, TECO Energy has risen 0.44%, the least among utility stocks shown in the above table with high short interest. Its net-debt-to-EBITDA ratio is 4.35x. Its cash and cash equivalents are $46.10 million.

NiSource’s (NI) short-interest-to-equity float ratio is 3.6%. One month ago, it was 2.8%. Three months ago, it was 5.2%. Its net-debt-to-EBITDA ratio is 5.14x. Its cash and cash equivalents were $43.10 million in 1Q16. In the last three months, the stock has risen 9.8%.

SCANA’s (SCG) short-interest-to-equity float ratio is 4.0%. One month ago, it was 3.8%. Three months ago, it was 4.4%. In the last three months, the stock has risen 5.4%. Its net-debt-to-EBITDA ratio is 4.26x. 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 6.0%. Three months ago, it was 4.1%. Its net-debt-to-EBITDA ratio is 3.74x. Its cash and cash equivalents were $61 million in 1Q16. The stock has risen 3.2% in the last three months.

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