From MarketBeat:

NiSource Inc. experienced a notable decrease in short interest in December, with a total of 5,260,000 shares, down 52.9% from the previous month. The days-to-cover ratio is currently 0.8 days, based on an average trading volume of 6,190,000 shares.

Analyst reports have seen various reactions to NiSource, with Guggenheim cutting its price target and StockNews.com downgrading the stock from “hold” to “sell”. LADENBURG THALM/SH SH, however, began covering the stock and issued a “buy” rating with a $25.00 price target.

In other news, Director Michael E. Jesanis sold 5,000 shares at an average price of $26.24, with institutional investors buying and selling NiSource stock.

NiSource’s stock performed steadily at $26.55 during trading on Friday. The company’s 50-day simple moving average is $25.88 and its 200-day simple moving average is $26.46. The utilities provider has a 12-month low of $22.86 and a high of $28.95.

Finally, NiSource Inc. operates as a regulated natural gas and electric utility company in the United States, distributing natural gas to over 2 million customers across 7 states. Keep in mind that while NiSource currently has a “Buy” rating among analysts, top-rated analysts believe there are five better buys.



Read more: NiSource Inc. (NYSE:NI) Short Interest Update