Abb Ltd (NYSE:ABB) Just Reported Decreased Shorts | Thorold News – Thorold News



ABB Ltd (NYSE:ABB) Logo

The stock of Abb Ltd (NYSE:ABB) registered a decrease of 20.93% in short interest. ABB’s total short interest was 2.39 million shares in February as published by FINRA. Its down 20.93% from 3.02M shares, reported previously. With 2.55 million shares average volume, it will take short sellers 1 days to cover their ABB’s short positions. The short interest to Abb Ltd’s float is 0.13%.

The stock decreased 0.83% or $0.16 during the last trading session, reaching $19.2. About 2.80 million shares traded. ABB Ltd (NYSE:ABB) has declined 26.62% since February 10, 2018 and is downtrending. It has underperformed by 26.62% the S&P500.

ABB Ltd manufactures and sells electrification, robotics and motion, power grid, and industrial automation products for utilities, transportation, infrastructure, and industrial clients worldwide. The company has market cap of $40.95 billion. The firm provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, low- and medium-voltage switchgears, switches, DIN rail components, and installation materials for building, data center, rail, wind and solar, food and beverage, marine, and gas and oil industries. It has a 18.27 P/E ratio. It also offers motors, generators, variable speed drives, robots and robotics, solar inverters, wind converters, rectifiers, and excitation systems, as well as power quality and protection solutions, electric vehicle fast charging infrastructure solutions, and components and subsystems for railways, and related services for discrete automation, process industries, transportation, and utilities.

ABB Ltd (NYSE:ABB) Ratings Coverage

Among 2 analysts covering ABB (NYSE:ABB), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. ABB had 2 analyst reports since September 4, 2018 according to SRatingsIntel. The stock of ABB Ltd (NYSE:ABB) earned “Buy” rating by Citigroup on Tuesday, September 4. The stock of ABB Ltd (NYSE:ABB) earned “Underweight” rating by JP Morgan on Monday, December 3.

More notable recent ABB Ltd (NYSE:ABB) news were published by: Seekingalpha.com which released: “AbbVie teams up with Tizona in cancer – Seeking Alpha” on January 03, 2019, also Businesswire.com with their article: “Sight Machine Wins ABB Award for Industrial Automation and Energy Efficiency; Named to 2019 Global Cleantech 100 – Business Wire” published on January 30, 2019, Fool.com published: “Why ABB’s Shares Sank a Painful 15% in October – Motley Fool” on November 06, 2018. More interesting news about ABB Ltd (NYSE:ABB) were released by: Fool.com and their article: “Is ABB Stock a Buy for 2019? – The Motley Fool” published on January 03, 2019 as well as Seekingalpha.com‘s news article titled: “ABB Still Spinning Its Wheels – Seeking Alpha” with publication date: November 16, 2018.

ABB Ltd (NYSE:ABB) Ratings Chart




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Source: https://whatsonthorold.com/2019/02/10/abb-ltd-nyseabb-just-reported-decreased-shorts/

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