TerraForm Power June 15th Short Interest Update

TerraForm Power (NASDAQ:TERP) has shown a drop of 6.1% or 855,340 shares in the short positions. The bets have increased to 13,163,309 shares on June 15,2016 from 14,018,649 shares on May 31,2016. With respect to the floated shares, the shorts are 20.5%. The days to cover are calculated to be 7, using the standard per day volume of 1,945,576 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

TerraForm Power (NASDAQ:TERP): The stock opened at $8.59 on Friday but the bulls could not build on the opening and the stock topped out at $9.05 for the day. The stock traded down to $8.55 during the day, due to lack of any buying support eventually closed down at $8.68 with a loss of -4.93% for the day. The stock had closed at $9.13 on the previous day. The total traded volume was 13,166,613 shares.

The company shares have dropped -77.39% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $40.24 and the one year low was seen on Nov 25, 2015. The 50-Day Moving Average price is $8.69 and the 200 Day Moving Average price is recorded at $9.60.

TerraForm Power (NASDAQ:TERP) has climbed 10.43% in the past week and advanced 1.4% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 12.27% and the outperformance has advanced to 4.47% for the last 4 weeks period.

TerraForm Power, Inc. (TerraForm Power), formerly SunEdison Yieldco, Inc., owns and operates contracted clean power generation assets. The Company operates the power generation assets of SunEdison, Inc. and its consolidated subsidiaries (SunEdison), and third parties. It focuses on acquiring solar and wind generation assets serving utility, commercial and residential customers. Its portfolio consists of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with an aggregate nameplate capacity of 1,507.3 Megawatts as of February 20, 2015. Its portfolio as of February 20, 2015 includes both solar generation facilities and wind power plants consisting of 1,223.4 Megawatts of nameplate capacity from utility-scale power plants and 283.9 Megawatts of nameplate capacity of commercial, industrial, Government and residential customers. It is the managing member of Terra LLC, and operates, controls and consolidates the business affairs of Terra LLC.

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