Fortis Inchares (NYSE:FTS) Shorted Shares Decreased By 5.88%

July 27, 2018 - By Billy Entrekin

The stock of Fortis Inchares (NYSE:FTS) registered a decrease of 5.88% in short interest. FTS’s total short interest was 7.77M shares in July as published by FINRA. Its down 5.88% from 8.25M shares, reported previously. With 161,500 shares average volume, it will take short sellers 48 days to cover their FTS’s short positions. The short interest to Fortis Inchares’s float is 1.86%.

The stock decreased 0.31% or $0.1 during the last trading session, reaching $32.44. About 246,741 shares traded. Fortis Inc. (NYSE:FTS) has declined 1.37% since July 27, 2017 and is downtrending. It has underperformed by 13.94% the S&P500.

Fortis Inc. operates as an electric and gas utility firm in Canada, the United States, and the Caribbean. The company has market cap of $13.89 billion. It generates, transmits, and distributes electricity to approximately 420,000 retail clients in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail clients in ArizonaÂ’s Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts comprising 54 MW of solar capacity. It has a 18.32 P/E ratio. The firm also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 64 MW; and distributes natural gas to approximately 994,000 clients in approximately 135 communities in British Columbia, Canada.

More notable recent Fortis Inc. (NYSE:FTS) news were published by: Fool.ca which released: “3 Dividend Stocks That Also Have Great Growth Prospects” on July 26, 2018, also Globenewswire.com with their article: “Fortis Inc. Announces Third Quarter Dividends – 2018” published on July 25, 2018, Fool.ca published: “Retirees: Preserve and Grow Your Nest Egg in Retirement. Here’s How” on July 27, 2018. More interesting news about Fortis Inc. (NYSE:FTS) were released by: Fool.ca and their article: “Is Fortis Inc. (TSX:FTS) a Reliable Dividend Stock to Ride Out a Market Downturn?” published on July 20, 2018 as well as Gurufocus.com‘s news article titled: “6 Low Price-Sales Stocks” with publication date: July 24, 2018.

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