Today Edison International (NYSE:EIX) Reported Decrease in Shorted Shares

May 25, 2018 - By Linda Rogers

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Investors sentiment increased to 1.25 in Q4 2017. Its up 0.10, from 1.15 in 2017Q3. It improved, as 54 investors sold Edison International shares while 157 reduced holdings. 71 funds opened positions while 192 raised stakes. 258.17 million shares or 0.70% less from 259.99 million shares in 2017Q3 were reported.
62,470 were accumulated by Cullen Lc. Old Mutual Customised Solutions (Proprietary) Limited holds 0.13% or 19,486 shares in its portfolio. Canada Pension Plan Investment Board invested 0.13% of its portfolio in Edison International (NYSE:EIX). State Of Alaska Department Of Revenue has invested 0.11% in Edison International (NYSE:EIX). Tradewinds Mgmt Limited Company owns 0.04% invested in Edison International (NYSE:EIX) for 1,200 shares. Invest House Limited Company owns 6,625 shares. Stewart Patten Co Ltd invested in 0.08% or 7,300 shares. Asset Management accumulated 31,895 shares. National Bank & Trust Of Nova Scotia stated it has 51,775 shares or 0.01% of all its holdings. Georgia-based Invesco Limited has invested 0.06% in Edison International (NYSE:EIX). Glob X Mngmt Co Ltd Liability accumulated 9,984 shares. Royal Savings Bank Of Canada owns 0.02% invested in Edison International (NYSE:EIX) for 830,562 shares. Dynamic Capital Management Limited reported 2.36% stake. Moreover, Renaissance Techs has 0.22% invested in Edison International (NYSE:EIX). Intrust Commercial Bank Na invested 0.19% of its portfolio in Edison International (NYSE:EIX).

The stock of Edison International (NYSE:EIX) registered a decrease of 14.41% in short interest. EIX’s total short interest was 6.02 million shares in May as published by FINRA. Its down 14.41% from 7.03M shares, reported previously. With 1.71 million shares average volume, it will take short sellers 4 days to cover their EIX’s short positions. The short interest to Edison International’s float is 1.85%.

The stock increased 0.57% or $0.36 during the last trading session, reaching $62.98. About 1.29 million shares traded. Edison International (NYSE:EIX) has declined 21.55% since May 25, 2017 and is downtrending. It has underperformed by 33.10% the S&P500.

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. The company has market cap of $20.52 billion. The firm generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It has a 36.62 P/E ratio. It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

Edison International (NYSE:EIX) Ratings Coverage

Among 12 analysts covering Edison Intl (NYSE:EIX), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Edison Intl had 26 analyst reports since December 6, 2017 according to SRatingsIntel. Morgan Stanley maintained it with “Equal-Weight” rating and $71 target in Tuesday, February 13 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, March 8. The rating was maintained by SunTrust with “Buy” on Monday, January 8. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, December 13 report. JP Morgan maintained the stock with “Neutral” rating in Tuesday, April 10 report. The stock of Edison International (NYSE:EIX) has “Hold” rating given on Monday, January 22 by Citigroup. The stock of Edison International (NYSE:EIX) earned “Neutral” rating by Mizuho on Wednesday, December 6. The stock has “Buy” rating by SunTrust on Tuesday, December 26. On Monday, March 19 the stock rating was maintained by SunTrust with “Buy”. The stock of Edison International (NYSE:EIX) has “Neutral” rating given on Tuesday, May 1 by Citigroup.

Another recent and important Edison International (NYSE:EIX) news was published by Seekingalpha.com which published an article titled: “Edison International (EIX) Q1 2018 Results – Earnings Call Transcript” on May 02, 2018.

Edison International (NYSE:EIX) Institutional Positions Chart

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