Southern Company (The) 2019 Ser (NYSE:SOLN) Short Interest Down 61.1% in April

Southern Company (The) 2019 Ser (NYSE:SOLNGet Rating) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 57,800 shares, a decline 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 presently 0.1 days.

Shares of NYSE:SOLN opened at $54.94 on Thursday. Southern Company has a fifty-two week low of $49.67 and a fifty-two week high of $57.75. The stock has a 50-day simple moving average of $54.74.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Friday, April 29th were given a $0.8438 dividend. This represents a $3.38 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend was Thursday, April 28th.

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

Large investors have recently modified their holdings of the business. Chicago Capital Management LLC purchased a new position in Southern Company (The) 2019 Ser in the 1st quarter worth about $39,000. American Century Companies Inc. lifted its stake in shares of Southern Company (The) 2019 Ser by 60.3% in the 1st quarter. American Century Companies Inc. now owns 11,476 shares of the company’s stock worth $631,000 after purchasing an additional 4,319 shares during the period. Stephens Inc. AR boosted its holdings in shares of Southern Company (The) 2019 Ser by 5.1% in the fourth quarter. Stephens Inc. AR now owns 22,565 shares of the company’s stock worth $1,213,000 after buying an additional 1,100 shares during the last quarter. Rational Advisors LLC boosted its holdings in shares of Southern Company (The) 2019 Ser by 62.2% in the first quarter. Rational Advisors LLC now owns 75,113 shares of the company’s stock worth $4,102,000 after buying an additional 28,800 shares during the last quarter. Finally, AEGON USA Investment Management LLC grew its position in Southern Company (The) 2019 Ser by 16.0% during the first quarter. AEGON USA Investment Management LLC now owns 101,118 shares of the company’s stock valued at $5,522,000 after buying an additional 13,918 shares during the period.

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