NorthWestern Corporation (NASDAQ:NWE) Short Interest Down 31.8% in August

Key Points

• NorthWestern Corporation's short interest decreased by 31.8% in August, with a total of 913,700 shares sold short as of August 31st.
• Wall Street analysts have a consensus rating of "Hold" for NorthWestern's stock, with a price target of $56.00.
• As of Tuesday, NorthWestern's stock priced at $55.54, reflecting a 1.9% decline in share value.

NorthWestern Corporation (NASDAQ:NWE - Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 913,700 shares, a drop of 31.8% from the August 15th total of 1,340,000 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 474,900 shares, the short-interest ratio is presently 1.9 days. Based on an average daily volume of 474,900 shares, the short-interest ratio is presently 1.9 days. Approximately 1.5% of the shares of the stock are short sold.

NorthWestern Trading Down 0.6%

Shares of NASDAQ:NWE traded down $0.36 during trading on Friday, reaching $56.08. The company's stock had a trading volume of 930,246 shares, compared to its average volume of 321,745. The company has a quick ratio of 0.52, a current ratio of 0.75 and a debt-to-equity ratio of 1.05. NorthWestern has a 12 month low of $50.43 and a 12 month high of $59.89. The company's 50 day moving average price is $55.38. The stock has a market cap of $3.44 billion, a PE ratio of 15.28, a PEG ratio of 2.27 and a beta of 0.40.

NorthWestern (NASDAQ:NWE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. NorthWestern had a net margin of 14.76% and a return on equity of 7.30%. The firm had revenue of $342.70 million during the quarter, compared to the consensus estimate of $333.62 million.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NWE shares. Wall Street Zen upgraded NorthWestern from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. LADENBURG THALM/SH SH lowered NorthWestern from a "strong-buy" rating to a "hold" rating and set a $56.00 price objective for the company. in a research report on Monday, June 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, NorthWestern currently has a consensus rating of "Hold" and an average target price of $56.00.

About NorthWestern

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.