Short Interest of The Day: Today Calpine Corporation (NYSE:CPN) Reported Decrease in Shorted Shares

November 30, 2016 - By kentuckypostne   ·   0 Comments

Short Interest of The Day: Today Calpine Corporation (NYSE:CPN) Reported Decrease in Shorted Shares

The stock of Calpine Corporation (NYSE:CPN) registered a decrease of 6.17% in short interest. CPN’s total short interest was 17.16M shares in November as published by FINRA. Its down 6.17% from 18.29M shares, reported previously. With 5.81 million shares average volume, it will take short sellers 3 days to cover their CPN’s short positions. The short interest to Calpine Corporation’s float is 5.11%. About 800 shares traded hands. Calpine Corporation (NYSE:CPN) has declined 25.90% since April 27, 2016 and is downtrending. It has underperformed by 31.13% the S&P500.

Calpine Corporation is a power generation company. The company has a market cap of $4.00 billion. The Firm is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. It has a 206.59 P/E ratio. The Company’s divisions include West , Texas and East (including Canada).

Insitutional Activity: The institutional sentiment increased to 1.24 in 2016 Q2. Its up 0.59, from 0.65 in 2016Q1. The ratio increased, as 51 funds sold all Calpine Corporation shares owned while 110 reduced positions. 24 funds bought stakes while 81 increased positions. They now own 328.39 million shares or 1.19% more from 324.54 million shares in 2016Q1.
Advisory Net Ltd Liability has invested 0.01% of its portfolio in Calpine Corporation (NYSE:CPN). Ladenburg Thalmann Financial Serv last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0.01% of its portfolio in the stock. Clinton Group owns 176,038 shares or 0.11% of their US portfolio. Rhumbline Advisers, a Massachusetts-based fund reported 323,873 shares. M Kraus Company has invested 1.68% of its portfolio in Calpine Corporation (NYSE:CPN). Aberdeen Asset Public Limited Co Uk, a United Kingdom-based fund reported 54,071 shares. Fmr Lc has 7.44M shares for 0.01% of their US portfolio. Hancock Hldgs Communications owns 577,390 shares or 0.36% of their US portfolio. Oregon Employees Retirement Fund owns 67,783 shares or 0.02% of their US portfolio. George Kaiser Family Foundation last reported 0.34% of its portfolio in the stock. Viking Global Investors Limited Partnership reported 20.37M shares or 1.28% of all its holdings. Wells Fargo And Mn last reported 0% of its portfolio in the stock. Tph Asset Mngmt Ltd Com has 134,471 shares for 0.19% of their US portfolio. Columbia Prns L L C Invest Mgmt has invested 0.07% of its portfolio in Calpine Corporation (NYSE:CPN).

Insider Transactions: Since May 31, 2016, the stock had 1 buying transaction, and 4 selling transactions for $3.98 million net activity. Fusco Jack A sold $3.47M worth of stock or 235,000 shares. MORELAND W BENJAMIN bought $554,000 worth of stock or 50,000 shares.

Calpine Corporation (NYSE:CPN) Ratings Coverage

Out of 14 analysts covering Calpine Corporation (NYSE:CPN), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. Calpine Corporation has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Friday, January 29 the stock rating was initiated by Guggenheim with “Buy”. The stock has “Hold” rating given by Deutsche Bank on Monday, November 2. The firm earned “Buy” rating on Tuesday, August 25 by Deutsche Bank. RBC Capital Markets maintained Calpine Corporation (NYSE:CPN) on Tuesday, February 16 with “Outperform” rating. Bank of America downgraded the shares of CPN in a report on Tuesday, November 22 to “Neutral” rating. Citigroup initiated the shares of CPN in a report on Friday, September 18 with “Buy” rating. The firm has “Neutral” rating by SunTrust given on Wednesday, August 24. UBS downgraded the stock to “Neutral” rating in Wednesday, November 2 report. The company was upgraded on Friday, July 31 by Evercore. The rating was upgraded by Deutsche Bank to “Buy” on Tuesday, July 26.

CPN Company Profile

Calpine Corporation, incorporated on June 27, 1996, is a power generation company. The Firm is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Company’s divisions include West (including geothermal), Texas and East (including Canada). In the Northeast and Mid-Atlantic regions, the Company has generating units capable of burning either natural gas or fuel oil. The Firm operates its business through various divisions and subsidiaries.

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