Transcanada Corporation (NYSE:TRP) Sellers Rose By 3.3% Their Shorts

June 27, 2018 - By Ira Colvard

TransCanada Corporation (NYSE:TRP) Corporate Logo

It was reported an increase on Transcanada Corporation (NYSE:TRP)’s shares shorted with 3.3%. It was published in June by FINRA the 6.62M shares shorted on TRP. Previously was reported up change of 3.3% from 6.41 million shares. With Average volume 1.48M, TRP’s former position will take 5 days to restore.

TRP touched $42.98 during the last trading session after $0.42 change.Currently TransCanada Corporation is downtrending after 12.02% change in last June 27, 2017. TRP has 965,638 shares volume. The stock underperformed the S&P 500 by 24.59%.

TransCanada Corporation operates as an energy infrastructure firm in North America.The company has $39.36 billion market cap. It operates through Canadian Natural Gas Pipelines, U.S.The P/E ratio is 16.23. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy divisions.

TransCanada Corporation (NYSE:TRP) Ratings Coverage

In total 4 analysts cover TransCanada (NYSE:TRP). “Buy” rating has 3, “Sell” are 0, while 1 are “Hold”. (NYSE:TRP) has 75% bullish analysts. With $68 highest and $46 lowest target price, TransCanada has $57 average target price or 32.62% above the current ($42.98) price. 7 are the (NYSE:TRP)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. In Friday, March 23 report Morgan Stanley maintained it with “Overweight” rating and $46 target. In Thursday, March 22 report Wells Fargo downgraded the stock to “Market Perform” rating. On Friday, February 9 Morgan Stanley maintained TransCanada Corporation (NYSE:TRP) rating. Morgan Stanley has “Overweight” rating and $51 target. On Wednesday, March 28 Citigroup maintained the shares of TRP in report with “Buy” rating. On Thursday, January 11 Morgan Stanley upgraded the shares of TRP in report to “Buy” rating. On Friday, March 16 the firm has “Overweight” rating given by Morgan Stanley.

For more TransCanada Corporation (NYSE:TRP) news brought out recently go to:,,, or The titles are as follows: “Gas Pipeline Growth For TransCanada” brought out on June 05, 2018, “TransCanada Appoints New Independent Director” on June 13, 2018, “TransCanada: Strong Prospects For 10% Dividend Growth” with a publish date: June 21, 2018, “3 Breakthrough Technologies Changing the Energy Sector” and the last “2 Dividend Stocks to Buy on Sale” with publication date: June 17, 2018.

TransCanada Corporation (NYSE:TRP) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.