GE Vernova Inc. (NYSE:GEV) Short Interest Update

GE Vernova Inc. (NYSE:GEV) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,190,000 shares, an increase of 11.1% from the October 31st total of 4,670,000 shares. Based on an average trading volume of 2,840,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent research reports. Barclays increased their target price on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Evercore ISI increased their target price on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial increased their target price on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Guggenheim assumed coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target for the company. Finally, HSBC restated a “hold” rating and issued a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.16.

Hedge Funds Weigh In On GE Vernova

A number of institutional investors have recently added to or reduced their stakes in GEV. EverSource Wealth Advisors LLC bought a new position in shares of GE Vernova in the first quarter worth about $165,000. Transcend Capital Advisors LLC bought a new position in GE Vernova during the second quarter valued at about $529,000. Massmutual Trust Co. FSB ADV bought a new position in GE Vernova during the second quarter valued at about $171,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in GE Vernova during the second quarter valued at about $41,000. Finally, City State Bank purchased a new stake in GE Vernova during the second quarter valued at about $47,000.

GE Vernova Price Performance

GEV traded up $5.20 during trading on Monday, reaching $339.32. 1,584,214 shares of the stock were exchanged, compared to its average volume of 3,464,793. GE Vernova has a twelve month low of $115.00 and a twelve month high of $357.09. The stock’s 50 day moving average price is $295.95 and its two-hundred day moving average price is $221.35.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.