Taking this into account, Jefferies initiated its Hawaiian Electric Industries, Inc [HE] rating to a Hold in a research note published on December 03, 2024; the price target was $11.50. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late August from “an Underweight” to “an Equal weight”. Wells Fargo also remained covering HE and has decreased its forecast on November 10, 2023 with a “an Underweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on August 18, 2023. It rated HE as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of HE
On Tuesday, Hawaiian Electric Industries, Inc [NYSE:HE] saw its stock fall -1.09% to $9.08. Over the last five days, the stock has lost -6.78%. Hawaiian Electric Industries, Inc shares have fallen nearly -6.68% since the year began. Nevertheless, the stocks have fallen -38.94% over the past one year. While a 52-week high of $18.19 was reached on 01/02/25, a 52-week low of $7.61 was recorded on 01/07/25. SMA at 50 days reached $10.14, while 200 days put it at $10.93.
Levels Of Support And Resistance For HE Stock
The 24-hour chart illustrates a support level at 8.97, which if violated will result in even more drops to 8.85. On the upside, there is a resistance level at 9.23. A further resistance level may holdings at 9.37. The Relative Strength Index (RSI) on the 14-day chart is 28.35, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.80%. Stochastics %K at 6.07% indicates the stock is a buying.
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 2024-12-13, growing by 1.98 million shares to a total of 11.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 9.8 million shares. There was a rise of 16.81%, which implies that there is a positive sentiment for the stock.
