Short Interest Update on Dynegy (DYN)

Dynegy (DYN) : 4 days before expiry, shorts in Dynegy (DYN) have reduced from 12,597,274 on Jul 29, 2016, to 12,033,790 on August 15, 2016. On an average, 3,262,761 shares are traded on the exchange. The outstanding bearish positions are equal to 10.4% of the float. Short sellers have covered -563,484 shares, a reduction of -4.5%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Dynegy (NYSE:DYN): The stock opened at $13.01 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.27 for the day. The stock traded down to $12.83 during the day, due to lack of any buying support eventually closed down at $12.96 with a loss of -1.29% for the day. The stock had closed at $13.13 on the previous day. The total traded volume was 2,691,036 shares.


In a related news, Flexon Robert C, CEO of Dynegy Inc., had purchased 10,000 shares on March 1, 2016. The total value of the transaction was $100,800. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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