Short Interest in Talen Energy Co. (OTCMKTS:TLNE) Grows By 53.1%

Talen Energy Co. (OTCMKTS:TLNE) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,124,500 shares, an increase of 53.1% from the March 31st total of 734,500 shares. Based on an average trading volume of 285,200 shares, the days-to-cover ratio is presently 3.9 days.

Talen Energy Trading Up 2.6 %

TLNE stock traded up $2.50 during trading hours on Friday, hitting $100.40. 90,434 shares of the stock traded hands, compared to its average volume of 151,053. Talen Energy has a one year low of $44.50 and a one year high of $101.19. The company has a quick ratio of 2.43, a current ratio of 3.20 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average of $86.44.

Talen Energy (OTCMKTS:TLNE) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.34. The business had revenue of $527.00 million for the quarter, compared to analyst estimates of $507.00 million. On average, sell-side analysts expect that Talen Energy will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TLNE shares. BWS Financial upped their target price on Talen Energy from $96.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Wolfe Research assumed coverage on Talen Energy in a report on Friday, February 16th. They set an “outperform” rating and a $81.00 target price for the company.

Talen Energy Company Profile

Talen Energy Corporation, together with its subsidiaries, operates as a power generation and infrastructure company in the United States. The company operates in two segments: PJM, and ERCOT and WECC. It produces and sells electricity, capacity, and ancillary services. The company also operates nuclear, fossil, solar, gas, and coal power plants, as well as engages in marketing activities.