Just Energy Group Inc (NYSE:JE) Short Interest Update

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Just Energy Group Inc (NYSE:JE) (TSE:JE) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 5,010,000 shares, a decrease of 9.4% from the August 31st total of 5,530,000 shares. Approximately 5.8% of the shares of the company are sold short. Based on an average trading volume of 18,370,000 shares, the days-to-cover ratio is presently 0.3 days.

Shares of NYSE JE traded up $0.14 during mid-day trading on Friday, reaching $5.01. The company’s stock had a trading volume of 7,134,853 shares, compared to its average volume of 389,849. The firm has a market capitalization of $23.02 million, a PE ratio of 100.20 and a beta of 1.40. The stock has a fifty day moving average of $0.61 and a two-hundred day moving average of $0.50. Just Energy Group has a 52 week low of $4.27 and a 52 week high of $93.72.

Just Energy Group (NYSE:JE) (TSE:JE) last released its quarterly earnings data on Wednesday, July 8th. The utilities provider reported $0.10 earnings per share for the quarter. Just Energy Group had a negative return on equity of 28.25% and a net margin of 1.74%. The firm had revenue of $503.55 million during the quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sfmg LLC purchased a new position in Just Energy Group during the second quarter worth $51,000. Clear Harbor Asset Management LLC bought a new stake in shares of Just Energy Group in the first quarter valued at about $143,000. Canada Pension Plan Investment Board raised its holdings in shares of Just Energy Group by 159.9% in the second quarter. Canada Pension Plan Investment Board now owns 591,636 shares of the utilities provider’s stock valued at $300,000 after acquiring an additional 364,000 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Just Energy Group by 88.2% in the second quarter. Great West Life Assurance Co. Can now owns 2,152,584 shares of the utilities provider’s stock valued at $1,091,000 after acquiring an additional 1,008,652 shares in the last quarter. Hedge funds and other institutional investors own 15.47% of the company’s stock.

JE has been the subject of several recent research reports. CIBC cut their price target on Just Energy Group to $14.00 and set a “neutral” rating for the company in a report on Wednesday. ValuEngine raised Just Energy Group from a “sell” rating to a “hold” rating in a report on Wednesday. Morgan Stanley reissued an “underweight” rating on shares of Just Energy Group in a report on Monday, July 20th. Finally, Royal Bank of Canada lowered Just Energy Group from a “sector perform” rating to an “underperform” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.99.

Just Energy Group Company Profile

Just Energy Group Inc, through its subsidiaries, provides electricity and natural gas commodities in the United States, Canada, and internationally. It operates through Consumer Energy and Commercial Energy segments. The company offers longer-term price-protected, flat-bill, and variable rate product offerings.

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