Short Interest Update on TransCanada Corporation (TRP)

TransCanada Corporation (TRP) : The bears are holding on to their shorts in Accenture Plc with 11 more days remaining for them to cover their positions. The bearish positions have increased from 7,202,128 on Jul 29, 2016, to 8,302,813, on August 15, 2016. Daily, 770,416 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 1,100,685 shares, which is an increase of just 15.3%. The total short interest of 1% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

TransCanada Corporation (NYSE:TRP): The stock opened at $47.22 on Wednesday but the bulls could not build on the opening and the stock topped out at $47.38 for the day. The stock traded down to $46.58 during the day, due to lack of any buying support eventually closed down at $46.76 with a loss of -1.41% for the day. The stock had closed at $47.43 on the previous day. The total traded volume was 793,266 shares.


TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. Natural Gas Pipelines and Liquids Pipelines consist of its respective natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States. Its natural gas pipeline network transports natural gas to local distribution companies, power generation facilities and other businesses across Canada, the United States and Mexico. Its existing liquids pipeline infrastructure connects Alberta and the United States crude oil supplies to the United States refining markets in Illinois, Oklahoma and Texas, as well as connecting the United States crude oil supplies from the Cushing, Oklahoma hub to refining markets in the United States Gulf Coast. Energy includes its power operations and the non-regulated natural gas storage business in Canada.

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