Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Sees Significant Growth in Short Interest

Tennessee Valley Authority PARRS A 2029 (NYSE:TVEGet Rating) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 4,800 shares, a growth of 140.0% from the April 15th total of 2,000 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is currently 0.4 days.

Separately, Royal Bank of Canada raised their target price on Tennessee Valley Authority PARRS A 2029 from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Friday, January 14th.

NYSE:TVE opened at $23.29 on Friday. Tennessee Valley Authority PARRS A 2029 has a 1 year low of $22.39 and a 1 year high of $27.38. The business has a fifty day simple moving average of $23.91 and a two-hundred day simple moving average of $25.00.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, May 1st. Investors of record on Thursday, April 14th were paid a dividend of $0.1385 per share. This represents a $0.55 annualized dividend and a yield of 2.38%. The ex-dividend date was Wednesday, April 13th.

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