Tennessee Valley Authority (NYSE:TVC)’s Stock Is Sell After More Market Selling

June 13, 2018 - By Robin Claypool

The stock of Tennessee Valley Authority (NYSE:TVC) registered an increase of 37.72% in short interest. TVC’s total short interest was 15,700 shares in June as published by FINRA. Its up 37.72% from 11,400 shares, reported previously. With 9,700 shares average volume, it will take short sellers 2 days to cover their TVC’s short positions.

The stock increased 0.19% or $0.0456 during the last trading session, reaching $24.0956. About 947 shares traded. Tennessee Valley Authority PARRS D 2028 (NYSE:TVC) has 0.00% since June 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Tennessee Valley Authority engages in the production and sale of electricity in the United States. The company has market cap of $12.65 million. It generates power from coal-fired, nuclear, hydroelectric facilities, and combustion turbine and diesel generators. It currently 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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