Dominion Energy (D) stock is trading at $76.6, which is almost 1% and 5% above its 50-day and 200-day moving average levels, respectively. The levels close to $75.6 and $72.8 might act as a support for Dominion Energy in the short term. The company’s relative strength index was at 60 as of April 25, which implies that the stock isn’t overbought or oversold.
The short interest in Dominion Energy stock fell 24% on April 15. On March 29, there were 12.6 million shorted shares in Dominion Energy, while the shorted shares decreased to 9.6 million on April 15.
The short interest shows the number of shares that have been sold short and not squared off yet. A large fall in Dominion Energy’s short interest might mean that fewer investors expect the stock to fall from the current levels. The short interest in the Utilities Select Sector SPDR ETF (XLU) fell 5% on April 15.
To learn more how utilities have fared and how they’re placed for the future, read Analyzing Utilities’ Charts, Valuation, Price Targets, and More.