In the meantime, Wells Fargo upgraded its Hawaiian Electric Industries, Inc [HE] rating to an Equal weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early November from “an Equal weight” to “an Underweight”. Wells Fargo also remained covering HE and has increased its forecast on August 18, 2023 with a “an Equal weight” recommendation from previously “an Underweight” rating. BofA Securities revised its rating on August 18, 2022. It rated HE as “an Underperform” which previously was an “a Neutral”.
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Price Performance Review of HE
On Tuesday, Hawaiian Electric Industries, Inc [NYSE:HE] saw its stock jump 1.25% to $10.51. Over the last five days, the stock has gained 5.84%. Hawaiian Electric Industries, Inc shares have fallen nearly -25.93% since the year began. Nevertheless, the stocks have fallen -24.12% over the past one year. While a 52-week high of $18.19 was reached on 07/19/24, a 52-week low of $7.61 was recorded on 07/09/24. SMA at 50 days reached $10.46, while 200 days put it at $11.42.
Levels Of Support And Resistance For HE Stock
The 24-hour chart illustrates a support level at 10.15, which if violated will result in even more drops to 9.80. On the upside, there is a resistance level at 10.89. A further resistance level may holdings at 11.28. The Relative Strength Index (RSI) on the 14-day chart is 56.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.78%. Stochastics %K at 65.48% indicates the stock is a holding.
How much short interest is there in Hawaiian Electric Industries, Inc?
A steep rise in short interest was recorded in Hawaiian Electric Industries, Inc stocks on 2024-10-15, dropping by -3.65 million shares to a total of 7.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.32 million shares. There was a decline of -47.57%, which implies that there is a negative sentiment for the stock.
