Shorts Action: Could Triplepoint Venture Growth Bdc C (NYSE:TPVG) Go Down After Its Newest Short Interest Report?

November 18, 2016 - By Vivian Park   ·   0 Comments

Shorts Action: Could Triplepoint Venture Growth Bdc C (NYSE:TPVG) Go Down After Its Newest Short Interest Report?

The stock of Triplepoint Venture Growth Bdc C (NYSE:TPVG) registered a decrease of 4.52% in short interest. TPVG’s total short interest was 721,800 shares in November as published by FINRA. Its down 4.52% from 756,000 shares, reported previously. With 102,500 shares average volume, it will take short sellers 7 days to cover their TPVG’s short positions. The stock increased 0.41% or $0.05 during the last trading session, hitting $12.25. TriplePoint Venture Growth BDC Corp (NYSE:TPVG) has risen 19.51% since April 18, 2016 and is uptrending. It has outperformed by 15.08% the S&P500.

TriplePoint Venture Growth BDC Corp

TriplePoint Venture Growth BDC Corp (NYSE:TPVG) Ratings Coverage

Out of 2 analysts covering TriplePoint Venture Growth BDC Corp. (NYSE:TPVG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. TriplePoint Venture Growth BDC Corp. has been the topic of 4 analyst reports since June 29, 2016 according to StockzIntelligence Inc. The stock of TriplePoint Venture Growth BDC Corp (NYSE:TPVG) earned “Buy” rating by Ladenburg Thalmann on Monday, May 2. Compass Point downgraded the stock to “Neutral” rating in Thursday, August 25 report. Compass Point upgraded the stock to “Buy” rating in Thursday, September 22 report. On Wednesday, June 29 the stock rating was initiated by Compass Point with “Buy”.

TPVG Company Profile

TriplePoint Venture Growth BDC Corp., incorporated on June 28, 2013, is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors. The Firm targets investment opportunities in venture growth stage companies backed by venture capital investors. The Firm is managed by TPVG Advisers LLC. The Company’s subsidiaries include TPVG Variable Funding Company LLC (the financing subsidiary), and TPVG Investment LLC, an entity established for holding certain of the Company’s investments.

More important recent TriplePoint Venture Growth BDC Corp (NYSE:TPVG) news were published by: Businesswire.com which released: “TriplePoint Venture Growth BDC Corp. to Announce 2016 Third Quarter Financial …” on October 31, 2016, also Reuters.com published article titled: “BRIEF-TriplePoint Venture Growth BDC Corp announces Q3 2016 financial resu…”, Reuters.com published: “BRIEF-Triplepoint venture growth bdc corp – CFO Harold F. Zagunis will be …” on November 07, 2016. More interesting news about TriplePoint Venture Growth BDC Corp (NYSE:TPVG) was released by: Businesswire.com and their article: “TriplePoint Venture Growth BDC Corp. Completes Initial Public Offering and …” with publication date: March 11, 2014.

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By Vivian Park


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