Relatively Low Short Interest Detected in Shares of AES in the Independent Power Producers Industry (AES, EOC, HNP, DYN, RRI)
Below are the top five companies in the Independent Power Producers industry ranked by the lowest short interest ratio. A low short interest ratio may indicate that there are only a few people who are bearish on the stock.
AES (NYSE:AES) has a short interest ratio of 0.9 based on average daily volume of 6 million shares and 6.5 million shares short. That equates to 0.8% of the 795.4 million shares outstanding.
Empresa Nacional de Electricidad (NYSE:EOC) has a short interest ratio of 2.1 based on average daily volume of 101,000 shares and 211,000 shares short. That equates to 0.1% of the 273.4 million shares outstanding.
Huaneng Power International (NYSE:HNP) has a short interest ratio of 2.5 based on average daily volume of 161,000 shares and 399,000 shares short. That equates to 0.5% of the 76.4 million shares outstanding.
Dynegy (NYSE:DYN) has a short interest ratio of 3.3 based on average daily volume of 3 million shares and 10.9 million shares short. That equates to 9.1% of the 120.3 million shares outstanding.
RRI Energy (NYSE:RRI) has a short interest ratio of 4 based on average daily volume of 4 million shares and 19.8 million shares short. That equates to 5.6% of the 353.4 million shares outstanding.
SmarTrend is bearish on shares of DYN and our subscribers were alerted to Sell on October 29, 2009 at $10.50. The stock has fallen 66.1% since the alert was issued.
