Southern Company (The) 2019 Ser (NYSE:SOLN) Short Interest Update

Southern Company (The) 2019 Ser (NYSE:SOLNGet Rating) saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 57,800 shares, a drop of 61.1% from the April 15th total of 148,700 shares. Based on an average daily volume of 385,400 shares, the days-to-cover ratio is currently 0.1 days.

Several hedge funds have recently bought and sold shares of the company. Sculptor Capital LP bought a new stake in Southern Company (The) 2019 Ser during the first quarter worth $16,884,000. Laffer Tengler Investments lifted its holdings in Southern Company (The) 2019 Ser by 0.4% during the first quarter. Laffer Tengler Investments now owns 54,388 shares of the company’s stock worth $2,976,000 after acquiring an additional 196 shares during the period. Pier 88 Investment Partners LLC lifted its holdings in Southern Company (The) 2019 Ser by 8.3% during the first quarter. Pier 88 Investment Partners LLC now owns 281,665 shares of the company’s stock worth $15,382,000 after acquiring an additional 21,643 shares during the period. Warberg Asset Management LLC bought a new stake in Southern Company (The) 2019 Ser during the first quarter worth $1,180,000. Finally, Citigroup Inc. bought a new stake in Southern Company (The) 2019 Ser during the first quarter worth $167,000.

Separately, TheStreet upgraded Southern Company (The) 2019 Ser from a “c+” rating to a “b-” rating in a report on Monday, April 18th.

Shares of SOLN stock traded up $0.19 during trading hours on Friday, reaching $55.05. The company had a trading volume of 699,440 shares, compared to its average volume of 312,113. Southern Company has a 12 month low of $49.67 and a 12 month high of $57.75. The firm has a fifty day moving average of $54.84.

The business also recently announced a quarterly dividend, which was paid on Monday, May 2nd. Stockholders of record on Friday, April 29th were issued a $0.8438 dividend. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 6.13%.

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