Fortis Inc Stock Short Ratio
| FTS Stock | USD 43.06 0.53 1.22% |
Fortis Inc fundamentals help investors to digest information that contributes to Fortis' financial success or failures. It also enables traders to predict the movement of Fortis Stock. The fundamental analysis module provides a way to measure Fortis' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fortis stock.
Fortis | Short Ratio |
Fortis Inc Company Short Ratio Analysis
Fortis' Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Fortis Short Ratio | 12.00 X |
Most of Fortis' fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fortis Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Fortis Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Fortis is extremely important. It helps to project a fair market value of Fortis Stock properly, considering its historical fundamentals such as Short Ratio. Since Fortis' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Fortis' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Fortis' interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
Based on the latest financial disclosure, Fortis Inc has a Short Ratio of 12.0 times. This is 275.0% higher than that of the Electric Utilities sector and significantly higher than that of the Utilities industry. The short ratio for all United States stocks is 200.0% lower than that of the firm.
Fortis Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fortis' direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Fortis could also be used in its relative valuation, which is a method of valuing Fortis by comparing valuation metrics of similar companies.Fortis is currently under evaluation in short ratio category among its peers.
Fortis ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Fortis' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fortis' managers, analysts, and investors.Environmental | Governance | Social |
Fortis Institutional Holders
Institutional Holdings refers to the ownership stake in Fortis that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Fortis' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Fortis' value.| Shares | Bank Of Nova Scotia | 2024-09-30 | 8.3 M | Legal & General Group Plc | 2024-09-30 | 6.9 M | Mackenzie Investments | 2024-09-30 | 6.2 M | Td Waterhouse Canada Inc | 2024-09-30 | 4.2 M | Cibc Global Asset Management Inc | 2024-09-30 | 3.9 M | Connor Clark & Lunn Inv Mgmt Ltd | 2024-09-30 | 3.7 M | Norges Bank | 2024-06-30 | 3.7 M | Public Sector Pension Investment Board | 2024-09-30 | 3.4 M | Manufacturers Life Insurance Co | 2024-09-30 | 3.1 M | Royal Bank Of Canada | 2024-09-30 | 29.5 M | Bank Of Montreal | 2024-09-30 | 26.2 M |
Fortis Fundamentals
| Return On Equity | 0.0754 | ||||
| Return On Asset | 0.0301 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 45.01 B | ||||
| Shares Outstanding | 497.3 M | ||||
| Shares Owned By Institutions | 57.71 % | ||||
| Number Of Shares Shorted | 14.46 M | ||||
| Price To Earning | 19.51 X | ||||
| Price To Book | 1.48 X | ||||
| Price To Sales | 1.91 X | ||||
| Revenue | 11.52 B | ||||
| Gross Profit | 4.41 B | ||||
| EBITDA | 5.15 B | ||||
| Net Income | 1.71 B | ||||
| Cash And Equivalents | 395 M | ||||
| Cash Per Share | 0.82 X | ||||
| Total Debt | 30.03 B | ||||
| Debt To Equity | 1.27 % | ||||
| Current Ratio | 0.62 X | ||||
| Book Value Per Share | 41.98 X | ||||
| Cash Flow From Operations | 3.54 B | ||||
| Short Ratio | 12.00 X | ||||
| Earnings Per Share | 2.28 X | ||||
| Price To Earnings To Growth | 2.93 X | ||||
| Target Price | 43.49 | ||||
| Number Of Employees | 9.6 K | ||||
| Beta | 0.23 | ||||
| Market Capitalization | 21.86 B | ||||
| Total Asset | 65.92 B | ||||
| Retained Earnings | 4.11 B | ||||
| Working Capital | (1.94 B) | ||||
| Current Asset | 2.5 B | ||||
| Current Liabilities | 3.67 B | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 3.62 % | ||||
| Net Asset | 65.92 B | ||||
| Last Dividend Paid | 2.36 |
About Fortis Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fortis Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortis Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for Fortis Stock Analysis
When running Fortis' price analysis, check to measure Fortis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortis is operating at the current time. Most of Fortis' value examination focuses on studying past and present price action to predict the probability of Fortis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis' price. Additionally, you may evaluate how the addition of Fortis to your portfolios can decrease your overall portfolio volatility.