Tennessee Valley Authority (NYSE:TVC) Shorts Increased By 37.72%

June 27, 2018 - By Anthony Rauscher

Change of 37.72% for Tennessee Valley Authority (NYSE:TVC)’s shorted shares was showed. FINRA announced shorted shares of TVC’s total 15,700 shares. That’s 37.72% up from 11,400 shares. With Average volume 9,700, TVC’s former position will take 2 days to recover.

The stock decreased 0.20% or $0.0479 during the last trading session, reaching $23.8121.Currently Tennessee Valley Authority PARRS D 2028 is after 0.00% change in last June 27, 2017. TVC has also 12,078 shares volume. The stock underperformed the S&P500 by 12.57%.

Tennessee Valley Authority engages in the production and sale of electricity in the United States.The company has $12.50 million market cap. It generates power from coal-fired, nuclear, hydroelectric facilities, and combustion turbine and diesel generators.Currently it has negative earnings. The firm sells power at wholesale to distributor clients comprising municipalities and cooperatives that resell the power to their clients at a retail rate.

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