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Companhia Energ̩tica de Minas Gerais (CIG) Reaches $2.09 After 9.00% Down Move; Shorts at Kimball International РClass B (KBAL) Raised By 20.75%

Companhia Energética de Minas Gerais (NYSE:CIG) Logo

Kimball International Inc – Class B (NASDAQ:KBAL) had an increase of 20.75% in short interest. KBAL’s SI was 243,800 shares in May as released by FINRA. Its up 20.75% from 201,900 shares previously. With 113,700 avg volume, 2 days are for Kimball International Inc – Class B (NASDAQ:KBAL)’s short sellers to cover KBAL’s short positions. The SI to Kimball International Inc – Class B’s float is 0.67%. The stock increased 0.50% or $0.08 during the last trading session, reaching $16.24. About 117,339 shares traded or 38.53% up from the average. Kimball International, Inc. (NASDAQ:KBAL) has risen 4.80% since May 26, 2017 and is uptrending. It has underperformed by 6.75% the S&P500.

The stock of Companhia Energética de Minas Gerais (NYSE:CIG) is a huge mover today! The stock decreased 4.57% or $0.1 during the last trading session, reaching $2.09. About 4.60M shares traded or 36.62% up from the average. Companhia Energética de Minas Gerais (NYSE:CIG) has declined 22.96% since May 26, 2017 and is downtrending. It has underperformed by 34.51% the S&P500.The move comes after 5 months negative chart setup for the $2.85B company. It was reported on May, 26 by We have $1.90 PT which if reached, will make NYSE:CIG worth $256.14M less.

More recent Kimball International, Inc. (NASDAQ:KBAL) news were published by: which released: “Report: Exploring Fundamental Drivers Behind Allegiant Travel, Hurco Companies, Newtek Business Services …” on May 25, 2018. Also published the news titled: “Kimball International CEO To Retire” on May 08, 2018.‘s news article titled: “Kimball International, Inc. Reports Third Quarter Fiscal Year 2018 Results” with publication date: May 01, 2018 was also an interesting one.

Kimball International, Inc. manufactures and sells furniture products under the Kimball, National, and Kimball Hospitality brand names in the United States and internationally. The company has market cap of $598.14 million. The firm provides office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions comprising headboards, tables, seating, vanities, and casegoods for hotel properties and mixed use developments. It has a 16.92 P/E ratio. The Company’s furniture solutions are used in collaborative and open work space areas, conference and meeting/huddle rooms, training rooms, private offices, learning areas, classrooms, lobby/reception areas, and dining/café areas with a mix of wood, metal, laminate, paint, fabric, solid surface, and plastic options.

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company has market cap of $2.85 billion. The firm generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels. It has a 10.25 P/E ratio. As of December 31, 2016, it operated hydroelectric plants, thermoelectric plants, and solar plants with a total installed capacity of approximately 8,000 megawatts in 10 states of Brazil.

Kimball International, Inc. (NASDAQ:KBAL) Institutional Positions Chart

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