Short Interest in Capital Power Co. (OTCMKTS:CPXWF) Drops By 32.6%

Capital Power Co. (OTCMKTS:CPXWF) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,511,500 shares, a decrease of 32.6% from the September 30th total of 2,242,700 shares. Based on an average daily volume of 38,500 shares, the short-interest ratio is presently 39.3 days. Based on an average daily volume of 38,500 shares, the short-interest ratio is presently 39.3 days.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CPXWF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Capital Power in a report on Thursday. TD Securities reissued a “buy” rating on shares of Capital Power in a report on Thursday. CIBC reissued an “outperform” rating on shares of Capital Power in a report on Monday, October 20th. National Bankshares reissued an “outperform” rating on shares of Capital Power in a report on Thursday. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Capital Power in a report on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Capital Power Stock Performance

OTCMKTS:CPXWF opened at $52.42 on Tuesday. Capital Power has a twelve month low of $30.30 and a twelve month high of $52.82. The company has a 50-day moving average of $47.03 and a 200-day moving average of $42.98.

About Capital Power

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 (MW) of power generation capacity at 29 facilities.