Short Interest Update on Pattern Energy Group (PEGI)

Pattern Energy Group (PEGI) has 7,935,433 shares of shorts outstanding as on August 15, 2016, with 5 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 8,381,301 shares. The stock has a decent trading volume of 1,589,507 shares daily. The marginal decrease in the short positions is by -5.3%, which amounts to -445,868 shares. Short positions are 13.6% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Pattern Energy Group (NASDAQ:PEGI): The stock opened at $23.81 on Wednesday but the bulls could not build on the opening and the stock topped out at $23.97 for the day. The stock traded down to $23.46 during the day, due to lack of any buying support eventually closed down at $23.51 with a loss of -1.55% for the day. The stock had closed at $23.88 on the previous day. The total traded volume was 569,650 shares.


In a related news, Bellinger Patricia S., director of Pattern Energy Group Inc. had purchased 2,000 shares on August 16, 2016 in a transaction. The price per share was $23.01 and the total amount of the disclosed transaction was $46,020.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Pattern Energy Group Inc. (Pattern Energy) owns and operates power projects. It holds interests in 12 wind power projects located in the United States, Canada and Chile with total capacity of 1,636 megawatts (MW). The projects consist of 11 operating projects and one project under construction. Each of its projects has contracted to sell its output pursuant to a power sale agreement. It sells its electricity and environmental attributes, including renewable energy credits (RECs), to local utilities under long-term, fixed-price power purchase agreements (PPAs). The Companys operating projects are Gulf Wind, Texas; Hatchet Ridge, California; St. Joseph, Manitoba; Spring Valley, Nevada; Santa Isabel, Puerto Rico; Ocotillo, California; South Kent, Ontario; El Arrayan, Chile; Panhandle 1, Texas; Panhandle 2, Texas, and Grand, Ontario.

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