Calpine Corporation (NYSE:CPN) has witnessed a rise of 6.9% or 943,028 shares in its short figure. The short interest augmentation took it from 13,724,551 on May 31,2016 to 14,667,579 on June 15,2016. In terms of floated shares, the short interest was calculated to be 4.2%. The days to cover are 4 given that the daily volume averaged 4,049,802 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Calpine Corporation (NYSE:CPN): The stock opened at $13.80 on Friday but the bulls could not build on the opening and the stock topped out at $13.84 for the day. The stock traded down to $13.50 during the day, due to lack of any buying support eventually closed down at $13.70 with a loss of -3.39% for the day. The stock had closed at $14.18 on the previous day. The total traded volume was 5,812,964 shares.
The company shares have dropped -23.85% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $19.73 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $14.72 and the 200 Day Moving Average price is recorded at $14.31.
Calpine Corporation (NYSE:CPN) has tumbled 3.79% during the past week and has dropped 7.06% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.2%. Calpine Corporation (NYSE:CPN) has underperformed the index by 4.24% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers and others. Its segments are West (including geothermal), Texas and East (including Canada). The Companys portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines, which are primarily combined-cycle plants, and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines, as well as cogeneration power plants. It owns 88 power plants, including one under construction plant, with an aggregate generation capacity of 26,548 megawatt (MW) and 309 MW under construction.