Short Interest in Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Grows By 157.1%

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 5,400 shares, a growth of 157.1% from the December 15th total of 2,100 shares. Based on an average trading volume of 12,200 shares, the short-interest ratio is presently 0.4 days.

Shares of TVE stock opened at $25.44 on Friday. The firm’s 50 day moving average is $25.65 and its 200 day moving average is $26.21. Tennessee Valley Authority PARRS A 2029 has a 12 month low of $25.00 and a 12 month high of $27.38.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 1st. Investors of record on Monday, January 31st will be paid a dividend of $0.1385 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, January 28th.

Separately, Royal Bank of Canada increased their target price on shares of Tennessee Valley Authority PARRS A 2029 from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Friday.

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