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 daily volume of 2,840,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC purchased a new position in shares of GE Vernova in the 3rd quarter worth approximately $2,507,296,000. Newport Trust Company LLC bought a new stake in GE Vernova in the second quarter worth $650,140,000. Bank of New York Mellon Corp bought a new position in GE Vernova during the second quarter valued at $537,674,000. Marshall Wace LLP purchased a new stake in shares of GE Vernova in the second quarter valued at $399,770,000. Finally, Legal & General Group Plc bought a new stake in shares of GE Vernova in the 2nd quarter worth about $293,699,000.

GE Vernova Stock Performance

GE Vernova stock opened at $331.92 on Wednesday. The company’s 50-day moving average price is $299.20 and its 200-day moving average price is $223.75. GE Vernova has a twelve month low of $115.00 and a twelve month high of $357.09.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial boosted their price target on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of GE Vernova from $330.00 to $356.00 and gave the stock an “overweight” rating in a report on Tuesday. Evercore ISI raised their target price on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, Jefferies Financial Group lifted their target price on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.34.

About GE Vernova

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.