Short Interest Watching: What’s Ahead for Transalta Corporation (NYSE:TAC) After More Shorted Shares?

November 17, 2016 - By Darrin Black   ·   0 Comments

Short Interest Watching: What’s Ahead for Transalta Corporation (NYSE:TAC) After More Shorted Shares?

The stock of Transalta Corporation (NYSE:TAC) registered an increase of 17.67% in short interest. TAC’s total short interest was 3.40M shares in November as published by FINRA. Its up 17.67% from 2.89 million shares, reported previously. With 57,100 shares average volume, it will take short sellers 60 days to cover their TAC’s short positions. The short interest to Transalta Corporation’s float is 1.19%. The stock closed at $3.9 during the last session. It is down 16.14% since April 15, 2016 and is downtrending. It has underperformed by 20.76% the S&P500.

TransAlta Corporation is a non-regulated electricity generation and energy marketing firm with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The company has a market cap of $1.15 billion. The Firm is engaged in the production and sale of electric energy. It has a 1444.44 P/E ratio. TransAlta is organized into seven divisions: Canadian Coal, U.S.

TransAlta Corporation (USA) (NYSE:TAC) Ratings Coverage

Out of 4 analysts covering TransAlta (NYSE:TAC), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. TransAlta has been the topic of 10 analyst reports since August 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained TransAlta Corporation (USA) (NYSE:TAC) rating on Monday, November 2. RBC Capital Markets has “Underperform” rating and $6 price target. The firm earned “Sector Perform” rating on Friday, February 19 by RBC Capital Markets. The rating was upgraded by IBC on Tuesday, August 25 to “Sector Underperform”. The stock of TransAlta Corporation (USA) (NYSE:TAC) earned “Market Perform” rating by BMO Capital Markets on Monday, August 24. The firm earned “Neutral” rating on Wednesday, September 16 by Credit Suisse. RBC Capital Markets upgraded the shares of TAC in a report on Monday, November 23 to “Sector Perform” rating. On Wednesday, May 4 the stock rating was downgraded by RBC Capital Markets to “Underperform”. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, January 18. RBC Capital Markets upgraded it to “Sector Perform” rating and $6 target price in Monday, November 7 report. The stock has “Market Perform” rating given by BMO Capital Markets on Thursday, January 14.

More notable recent TransAlta Corporation (USA) (NYSE:TAC) news were published by: Fool.ca which released: “Why TransAlta Corporation Remains an Unattractive Investment” on April 21, 2016, also Fool.ca with their article: “Is Warren Buffett Thinking of Buying TransAlta Corporation?” published on January 28, 2016, Fool.ca published: “TransAlta Corporation: 3 Reasons This Turnaround Could Be Massive” on July 08, 2016. More interesting news about TransAlta Corporation (USA) (NYSE:TAC) were released by: Fool.ca and their article: “Should Investors Buy TransAlta Corporation or TransAlta Renewables Inc.?” published on October 21, 2016 as well as Fool.ca‘s news article titled: “Is Rachel Notley Killing TransAlta Corporation?” with publication date: March 09, 2016.

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By Darrin Black


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