NorthWestern Corporation (NASDAQ:NWE) Short Interest Update
by Teresa Graham · The Cerbat GemNorthWestern Corporation (NASDAQ:NWE – Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,404,543 shares, a growth of 43.8% from the November 30th total of 1,672,194 shares. Based on an average trading volume of 612,478 shares, the short-interest ratio is presently 3.9 days. Currently, 3.9% of the shares of the stock are short sold. Currently, 3.9% of the shares of the stock are short sold. Based on an average trading volume of 612,478 shares, the short-interest ratio is presently 3.9 days.
NorthWestern Trading Up 0.9%
NWE stock traded up $0.56 during trading on Monday, hitting $64.86. The company had a trading volume of 217,824 shares, compared to its average volume of 468,860. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 1.06. NorthWestern has a one year low of $50.46 and a one year high of $69.23. The business has a 50-day moving average of $64.67 and a 200-day moving average of $58.45. The stock has a market cap of $3.98 billion, a PE ratio of 18.37, a PEG ratio of 2.61 and a beta of 0.35.
NorthWestern (NASDAQ:NWE – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. NorthWestern had a net margin of 13.82% and a return on equity of 7.56%. The company had revenue of $386.95 million for the quarter, compared to analyst estimates of $380.96 million.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NorthWestern in a report on Monday, December 22nd. Barclays upgraded shares of NorthWestern to a “strong-buy” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company upgraded shares of NorthWestern to a “hold” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NorthWestern presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.
Read Our Latest Stock Report on NorthWestern
About NorthWestern
NorthWestern Corporation (NASDAQ: NWE) is a regulated energy company that delivers electricity and natural gas to residential, commercial and industrial customers. Through its Electric Operations and Gas Operations segments, the company operates an extensive network of distribution lines, substations and pipelines. NorthWestern’s services encompass the delivery of power sourced from regional transmission systems and the procurement, storage and distribution of natural gas to end users.
Electric delivery services include the management of distribution infrastructure, customer metering and system reliability programs.