InvestingPassive Income

What’s Propelling Algonquin Power & Utilities Corphares (NYSE:AQN) After Higher Shorts Reported?

The stock of Algonquin Power & Utilities Corphares (NYSE:AQN) registered an increase of 6.47% in short interest. AQN’s total short interest was 3.52 million shares in April as published by FINRA. Its up 6.47% from 3.30M shares, reported previously. With 225,700 shares average volume, it will take short sellers 16 days to cover their AQN’s short positions.

The stock increased 0.53% or $0.06 during the last trading session, reaching $11.42. About 321,802 shares traded or 14.22% up from the average. Algonquin Power & Utilities Corp. (NYSE:AQN) has risen 14.11% since April 25, 2018 and is uptrending. It has outperformed by 9.74% the S&P500.

Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, transmission, and distribution of utility assets in North America. The company has market cap of $5.61 billion. The firm generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities. It has a 75.13 P/E ratio. It owns or has interests in hydroelectric facilities with a combined generating capacity of approximately 120 megawatts ; wind powered generating facilities with a combined generating capacity of 1,050 MW; and solar energy facilities with a combined generating capacity of 40 MW, as well as interests in thermal energy facilities with a combined generating capacity of 335 MW.

More notable recent Algonquin Power & Utilities Corp. (NYSE:AQN) news were published by: Fool.ca which released: “3 Dividend Stocks to Generate Passive Income – The Motley Fool Canada” on April 07, 2019, also Zacks.com with their article: “5 Reasons to Add Algonquin Power (AQN) to Your Portfolio Now – Zacks.com” published on July 12, 2018, Finance.Yahoo.com published: “Here is What Hedge Funds Think About CAE, Inc. (CAE) – Yahoo Finance” on April 23, 2019. More interesting news about Algonquin Power & Utilities Corp. (NYSE:AQN) were released by: Fool.ca and their article: “2 Renewable Energy Utilities to Brighten Up Your Dividend Portfolio – The Motley Fool Canada” published on June 26, 2018 as well as Fool.ca‘s news article titled: “3 Great Defensive Stocks to Buy Before 2019 – The Motley Fool Canada” with publication date: December 08, 2018.

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