Capital Power Co. (OTCMKTS:CPXWF) Short Interest Update

Capital Power Co. (OTCMKTS:CPXWF) saw a large decrease in short interest in August. As of August 15th, there was short interest totalling 841,500 shares, a decrease of 5.7% from the July 31st total of 891,900 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 601.1 days.

Capital Power Stock Performance

Capital Power stock opened at $30.07 on Friday. Capital Power has a 1 year low of $29.02 and a 1 year high of $39.87. The firm’s 50-day moving average is $30.82 and its 200-day moving average is $31.81.

Wall Street Analyst Weigh In

CPXWF has been the subject of a number of recent analyst reports. TD Securities decreased their price target on shares of Capital Power from C$52.00 to C$51.00 in a research report on Thursday, August 3rd. Scotiabank dropped their target price on shares of Capital Power from C$52.00 to C$50.00 in a research report on Thursday, August 3rd. National Bank Financial reduced their price target on shares of Capital Power from C$52.00 to C$51.00 in a research report on Friday, August 4th. Desjardins lowered their price objective on Capital Power from C$58.00 to C$57.00 in a report on Thursday, July 27th. Finally, Credit Suisse Group upped their price objective on Capital Power from C$54.00 to C$56.00 in a research note on Wednesday, May 10th.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts of power generation capacity at 29 facilities.