Talen Energy Co. (OTCMKTS:TLNE) Sees Significant Growth in Short Interest

Posted by Trevor Kearing on Apr 29th, 2024

Talen Energy Co. (OTCMKTS:TLNE – Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,124,500 shares, a growth of 53.1% from the March 31st total of 734,500 shares. Based on an average trading volume of 285,200 shares, the days-to-cover ratio is presently 3.9 days.

Talen Energy Price Performance

Talen Energy stock traded up $2.50 during mid-day trading on Monday, hitting $100.40. The stock had a trading volume of 90,400 shares, compared to its average volume of 164,302. Talen Energy has a 12 month low of $44.50 and a 12 month high of $101.19. The company has a quick ratio of 2.43, a current ratio of 3.20 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average is $87.07.

Talen Energy (OTCMKTS:TLNE – Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.34. The business had revenue of $527.00 million for the quarter, compared to the consensus estimate of $507.00 million. As a group, research analysts anticipate that Talen Energy will post 2.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TLNE. Wolfe Research initiated coverage on Talen Energy in a research note on Friday, February 16th. They set an “outperform” rating and a $81.00 price objective for the company. BWS Financial raised their price target on Talen Energy from $96.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, March 28th.

Check Out Our Latest Stock Analysis on Talen Energy

Talen Energy Company Profile

(Get Free Report)

Talen Energy Corporation, together with its subsidiaries, operates as a power generation and infrastructure company in the United States. The company operates in two segments: PJM, and ERCOT and WECC. It produces and sells electricity, capacity, and ancillary services. The company also operates nuclear, fossil, solar, gas, and coal power plants, as well as engages in marketing activities.