Will Idacorp Inc (NYSE:IDA) Run Out of Steam Soon? Short Interest Is Down


Investors sentiment decreased to 1.17 in Q2 2019. Its down 0.03, from 1.2 in 2019Q1. It fall, as 15 investors sold IDACORP, Inc. shares while 94 reduced holdings. 50 funds opened positions while 77 raised stakes. 36.73 million shares or 2.78% less from 37.78 million shares in 2019Q1 were reported.
27,131 are held by Tudor Corporation Et Al. 42,000 are owned by Gabelli Funds Llc. Hanson Mcclain invested 0% in IDACORP, Inc. (NYSE:IDA). State Of Tennessee Treasury Department stated it has 0.01% of its portfolio in IDACORP, Inc. (NYSE:IDA). Saturna Cap Corporation holds 14,300 shares or 0.04% of its portfolio. Lpl Finance Ltd Llc has invested 0% in IDACORP, Inc. (NYSE:IDA). Ubs Asset Americas reported 74,432 shares stake. Ameritas Inv Ptnrs Inc, Nebraska-based fund reported 14,743 shares. First Manhattan has invested 0.05% in IDACORP, Inc. (NYSE:IDA). Aurora Investment Counsel owns 19,799 shares for 0.97% of their portfolio. Assetmark invested in 0% or 2,366 shares. Northern Trust Corporation stated it has 897,010 shares or 0.02% of all its holdings. Credit Suisse Ag owns 98,933 shares. First Midwest State Bank Division reported 0.09% stake. Gotham Asset Mngmt Ltd Liability Co has invested 0.01% in IDACORP, Inc. (NYSE:IDA).

The stock of Idacorp Inc (NYSE:IDA) registered a decrease of 15.23% in short interest. IDA’s total short interest was 1.46M shares in September as published by FINRA. Its down 15.23% from 1.72 million shares, reported previously. With 407,000 shares average volume, it will take short sellers 4 days to cover their IDA’s short positions. The short interest to Idacorp Inc’s float is 2.92%.

The stock decreased 0.57% or $0.63 during the last trading session, reaching $108.98. About 203,223 shares traded. IDACORP, Inc. (NYSE:IDA) has risen 9.35% since September 13, 2018 and is uptrending. It has outperformed by 9.35% the S&P500.

IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company has market cap of $5.49 billion. It operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon, as well as 3 natural gas-fired plants in southern Idaho; and owns interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon. It has a 24.55 P/E ratio. As of December 31, 2016, the firm provided electric service to approximately 535,000 general business customers; and had a network of approximately 4,861 pole-miles of high-voltage transmission lines, 24 step-up transmission substations located at power plants, 24 transmission substations, 10 switching stations, 223 energized distribution substations, and approximately 27,263 pole-miles of distribution lines.

More notable recent IDACORP, Inc. (NYSE:IDA) news were published by: Finance.Yahoo.com which released: “These Factors Make IDACORP, Inc. (NYSE:IDA) An Interesting Investment – Yahoo Finance” on July 05, 2019, also Benzinga.com with their article: “Stocks That Hit 52-Week Highs On Friday – Benzinga” published on August 16, 2019, Prnewswire.com published: “IDACORP, Inc. to Ring the NYSE Closing BellĀ® on February 12 – PRNewswire” on February 07, 2019. More interesting news about IDACORP, Inc. (NYSE:IDA) were released by: Prnewswire.com and their article: “IDACORP, Inc. Announces First Quarter 2019 Results, Affirms 2019 Earnings Guidance – PRNewswire” published on May 02, 2019 as well as Seekingalpha.com‘s news article titled: “Idaho Power: A Well-Run NW Utility – Seeking Alpha” with publication date: March 15, 2018.

IDACORP, Inc. (NYSE:IDA) Institutional Positions Chart

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