What Will Happen to Azure Power Global Limited (NYSE:AZRE) Next? The Stock Has Decline in Shorts

December 7, 2017 - By Nellie Frank

 What Will Happen to Azure Power Global Limited (NYSE:AZRE) Next? The Stock Has Decline in Shorts

The stock of Azure Power Global Limited (NYSE:AZRE) registered a decrease of 2.47% in short interest. AZRE’s total short interest was 74,900 shares in December as published by FINRA. Its down 2.47% from 76,800 shares, reported previously. With 13,300 shares average volume, it will take short sellers 6 days to cover their AZRE’s short positions. The short interest to Azure Power Global Limited’s float is 0.96%.

The stock decreased 0.97% or $0.13 during the last trading session, reaching $13.3. About 10,124 shares traded. Azure Power Global Limited (NYSE:AZRE) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants in India. The company has market cap of $344.68 million. It generates solar energy based on long-term contracts with Indian government entities, as well as other non-governmental energy distribution companies and commercial customers. It currently has negative earnings. As of March 31, 2017, it had an installed capacity of 12.2 gigawatts.

More important recent Azure Power Global Limited (NYSE:AZRE) news were published by: Businesswire.com which released: “Appointment of Cyril Cabanes as a Director on Azure Power Global’s Board” on January 18, 2017, also Nasdaq.com published article titled: “Why Azure Power Global (AZRE) Could Be Positioned for a Slump”, Businesswire.com published: “Azure Power Global Limited to Hold 2017 Annual General Meeting on September 25 …” on August 15, 2017. More interesting news about Azure Power Global Limited (NYSE:AZRE) was released by: Quotes.Wsj.com and their article: “Azure Power Global Ltd.” with publication date: May 07, 2016.

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