MGE Short % of float
What is the Short % of float of MGE?
The Short % of float of MGE Energy, Inc. is 1.11%
What is the definition of Short % of float?
Short percentage of float is the amount of shares being shorted compared to the float expressed as a percentage.
= short interest / float shares
Short percentage of float, or short interest ratio, is calculated by taking the total amount of shares shorted and dividing it by the total amount of shares available for trade. It is an indirect metric of investor sentiment. When short percentage of float is high, above 40%, it implies company investors hope shares will decline in value. The percentage is used by both fundamental and technical traders to identify trends. The short percentage of float can also be calculated for entire exchanges to determine the sentiment of the market as a whole. If it is high of around five or greater for an exchange, this can be taken as a bearish signal, and vice versa.
Short % of float of companies in the Utilities sector on NASDAQ compared to MGE
What does MGE do?
mge energy, inc., through its subsidiaries, operates as a public utility holding company primarily in wisconsin. it operates through five segments: regulated electric utility operations; regulated gas utility operations; nonregulated energy operations; transmission investments; and all other. the company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in wisconsin and iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services. it also generates electricity from coal, natural gas, and renewable energy sources, as well as purchases power under short and long-term commitments. as of february 26, 2020, the company distributed electricity to 155,000 customers in dane county, wisconsin; and purchased and distributed natural gas to 163,000 customers in seven south-central and western wisconsin counties. mge energy, inc. was founded in 1855 and is headquartered in madison, wisco
Companies with short % of float similar to MGE
- Trimble Inc has Short % of float of 1.10%
- Charles Schwab has Short % of float of 1.10%
- Netsol Technologies has Short % of float of 1.10%
- ACRES Commercial Realty Corp has Short % of float of 1.10%
- Summit Inc has Short % of float of 1.10%
- Cyclerion Therapeutics has Short % of float of 1.10%
- MGE has Short % of float of 1.11%
- Avalon GloboCare has Short % of float of 1.12%
- Avalon GloboCare has Short % of float of 1.12%
- Avalon GloboCare has Short % of float of 1.12%
- Avalon Globocare has Short % of float of 1.12%
- PPG Industries has Short % of float of 1.12%
- Avalon GloboCare has Short % of float of 1.12%