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

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,400 shares, an increase of 157.1% from the December 15th total of 2,100 shares. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is currently 0.4 days.

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

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

Separately, Royal Bank of Canada boosted 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 report on Friday.

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