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.
  
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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.

Short Ratio

 = 

Short Interest

Average Trading Volume

More About Short Ratio | All Equity Analysis

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 Scotia2024-09-30
8.3 M
Legal & General Group Plc2024-09-30
6.9 M
Mackenzie Investments2024-09-30
6.2 M
Td Waterhouse Canada Inc2024-09-30
4.2 M
Cibc Global Asset Management Inc2024-09-30
3.9 M
Connor Clark & Lunn Inv Mgmt Ltd2024-09-30
3.7 M
Norges Bank2024-06-30
3.7 M
Public Sector Pension Investment Board2024-09-30
3.4 M
Manufacturers Life Insurance Co2024-09-30
3.1 M
Royal Bank Of Canada2024-09-30
29.5 M
Bank Of Montreal2024-09-30
26.2 M

Fortis Fundamentals

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.

Thematic Opportunities

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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.