IDACORP, Inc. (NYSE:IDA) Sees Significant Growth in Short Interest

IDACORP, Inc. (NYSE:IDA) Sees Significant Growth in Short Interest

IDACORP, Inc. (NYSE:IDA - Get Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 2,980,000 shares, a growth of 101.4% from the April 30th total of 1,480,000 shares. Based on an average daily trading volume, of 433,300 shares, the days-to-cover ratio is presently 6.9 days. Approximately 5.6% of the shares of the stock are sold short.