Transcanada Corporation (NYSE:TRP) Short Interest Decreased By 11.97%

September 30, 2018 - By Billy Entrekin

TransCanada Corporation (NYSE:TRP) Logo

The stock of Transcanada Corporation (NYSE:TRP) registered a decrease of 11.97% in short interest. TRP’s total short interest was 6.91 million shares in September as published by FINRA. Its down 11.97% from 7.85M shares, reported previously. With 906,400 shares average volume, it will take short sellers 8 days to cover their TRP’s short positions.

The stock increased 0.47% or $0.19 during the last trading session, reaching $40.46. About 948,862 shares traded or 1.92% up from the average. TransCanada Corporation (NYSE:TRP) has declined 18.42% since September 30, 2017 and is downtrending. It has underperformed by 34.04% the S&P500.

TransCanada Corporation operates as an energy infrastructure firm in North America. The company has market cap of $36.49 billion. It operates through Canadian Natural Gas Pipelines, U.S. It has a 15.92 P/E ratio. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy divisions.

TransCanada Corporation (NYSE:TRP) Ratings Coverage

Among 2 analysts covering TransCanada (NYSE:TRP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TransCanada had 2 analyst reports since April 30, 2018 according to SRatingsIntel. The company was maintained on Wednesday, August 15 by Deutsche Bank.

More important recent TransCanada Corporation (NYSE:TRP) news were published by: Fool.com which released: “1 Great Income Stock You’ve Probably Completely Overlooked” on September 27, 2018, also Seekingalpha.com published article titled: “Thinking About Investing In Canadian Midstream, Eh?”, Seekingalpha.com published: “Keystone XL route would not harm environment, State Department says” on September 21, 2018. More interesting news about TransCanada Corporation (NYSE:TRP) was released by: Fool.com and their article: “Better Buy: Kinder Morgan Canada Ltd vs. TransCanada Corporation” with publication date: September 26, 2018.

TransCanada Corporation (NYSE:TRP) Ratings Chart

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