CommerceHub (CHUBK) Reaches $19.17 After 4.00% Down Move; Encana (ECA) Shorts Up By 12.39%

November 8, 2017 - By Louis Casey

Encana Corporation (NYSE:ECA) had an increase of 12.39% in short interest. ECA’s SI was 19.47 million shares in November as released by FINRA. Its up 12.39% from 17.32 million shares previously. With 7.33M avg volume, 3 days are for Encana Corporation (NYSE:ECA)’s short sellers to cover ECA’s short positions. The SI to Encana Corporation’s float is 2.2%. About 11.87 million shares traded. Encana Corp (USA) (NYSE:ECA) has risen 50.13% since November 8, 2016 and is uptrending. It has outperformed by 33.43% the S&P500.

The stock of CommerceHub Inc (NASDAQ:CHUBK) is a huge mover today! About 206,741 shares traded or 91.54% up from the average. CommerceHub Inc (NASDAQ:CHUBK) has 0.00% since November 8, 2016 and is . It has underperformed by 16.70% the S&P500.The move comes after 6 months negative chart setup for the $750.29M company. It was reported on Nov, 8 by Barchart.com. We have $18.40 PT which if reached, will make NASDAQ:CHUBK worth $30.01M less.

CommerceHub, Inc. is a provider of cloud e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. The company has market cap of $750.29 million. The Company’s end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables transactions among its retailer and supplier clients and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels where clients browse and buy. It has a 73 P/E ratio. The Company’s solutions also help its clients integrate with the third-party logistics providers, including fulfillment and delivery providers that take purchased products to the consumer’s doorstep.

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids producing plays. The company has market cap of $12.35 billion. The Company’s activities also include the marketing of natural gas, oil and NGLs. It has a 14.68 P/E ratio. All of its reserves and production are located in North America.

Among 28 analysts covering Encana Corporation (NYSE:ECA), 21 have Buy rating, 2 Sell and 5 Hold. Therefore 75% are positive. Encana Corporation had 109 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Encana Corp (USA) (NYSE:ECA) has “Buy” rating given on Wednesday, August 16 by Canaccord Genuity. The rating was maintained by Desjardins Securities with “Hold” on Monday, June 5. On Thursday, February 25 the stock rating was downgraded by IBC to “Underperform”. The firm earned “Buy” rating on Monday, September 25 by RBC Capital Markets. On Thursday, July 27 the stock rating was maintained by GMP Securities with “Buy”. The stock has “Hold” rating by KLR Group on Monday, August 29. The firm has “Neutral” rating given on Thursday, October 6 by Macquarie Research. The company was downgraded on Wednesday, July 5 by RBC Capital Markets. The stock of Encana Corp (USA) (NYSE:ECA) has “Outperform” rating given on Thursday, September 28 by Macquarie Research. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, October 3.

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By1 Louis Casey




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