Talen Energy Co. (OTCMKTS:TLNE) Short Interest Update

Talen Energy Co. (OTCMKTS:TLNE) saw 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 currently 3.9 days.

Talen Energy Trading Up 2.6 %

OTCMKTS TLNE traded up $2.50 on Friday, reaching $100.40. The company had a trading volume of 90,434 shares, compared to its average volume of 151,053. The company has a current ratio of 3.20, a quick ratio of 2.43 and a debt-to-equity ratio of 1.11. The business has a fifty day moving average price of $86.44. Talen Energy has a 52-week low of $44.50 and a 52-week high of $101.19.

Talen Energy (OTCMKTS:TLNE) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.34. The firm had revenue of $527.00 million for the quarter, compared to analysts’ expectations of $507.00 million. On average, analysts predict that Talen Energy will post 2.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on TLNE. BWS Financial upped their price objective on shares of 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 began coverage on Talen Energy in a report on Friday, February 16th. They set an “outperform” rating and a $81.00 price target for the company.

About Talen Energy

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.