Short Interest Update on Talen Energy Corporation (TLN)

Talen Energy Corporation (TLN) : Traders are increasing their bearish positions on the stock, as is visible by the 12.3% jump in the outstanding short positions; a total addition of 257,183 shares on the sell side. On Jul 29, 2016, the total short positions were 2,098,156 shares, which went up to 2,355,339 shares by the close of trading on August 15, 2016. It will take 3 days for the bears to roll over or cover. An average of 880,818 shares exchange hands daily. 3.7% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Talen Energy Corporation (NYSE:TLN): The stock opened at $13.76 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.76 for the day. The stock traded down to $13.65 during the day, due to lack of any buying support eventually closed down at $13.66 with a loss of -0.58% for the day. The stock had closed at $13.74 on the previous day. The total traded volume was 1,062,399 shares.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Talen Energy Corp, Farr Paul A had purchased shares worth of $66,300 in a transaction dated on December 23, 2015. A total of 10,000 shares were purchased at a price of $6.63 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Talen Energy Corporation (Talen) is an energy and power generation company in the United States. The Company generates and sells electricity, capacity and related products from a fleet of power plants that uses various fuel sources, such as carbon-free nuclear, natural gas and coal. Its plants are located in PJM (Mid-Atlantic) and ERCOT (Texas), two of the power markets in the United States. The Company also operates approximately three combined-cycle, natural gas-fired power plants with over 2,500 megawatts of generating capacity to its fleet, which are located in New York, western Massachusetts and western Arizona. The Company provides energy and power for homes, and small and large businesses. Talen sells the output of its power plants to regional transmission organizations, independent system operators, utilities, cooperatives, municipalities and power marketers, as well as commercial and industrial, small business and residential customers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.