Transalta Corporation Ordinary Shares (NYSE:TAC) Just Reported Increased Shorts

July 13, 2018 - By Robert Reynolds

TransAlta Corporation (NYSE:TAC) Logo

The stock of Transalta Corporation Ordinary Shares (NYSE:TAC) registered an increase of 24.35% in short interest. TAC’s total short interest was 980,500 shares in July as published by FINRA. Its up 24.35% from 788,500 shares, reported previously. With 18,400 shares average volume, it will take short sellers 53 days to cover their TAC’s short positions. The short interest to Transalta Corporation Ordinary Shares’s float is 0.34%.

It closed at $5.225 lastly. It is down 8.48% since July 13, 2017 and is downtrending. It has underperformed by 21.05% the S&P500.

TransAlta Corporation operates as non-regulated electricity generation and energy marketing firm in Canada, the United States, and Western Australia. The company has market cap of $1.53 billion. The firm operates through eight divisions: Canadian Coal, U.S. It currently has negative earnings. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.

More news for TransAlta Corporation (NYSE:TAC) were recently published by: Fool.ca, which released: “5 Tips to Help You Create Long-Term Wealth” on June 16, 2018. Investorplace.com‘s article titled: “7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns” and published on June 27, 2018 is yet another important article.

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