Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Short Interest Update

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,604 shares, an increase of 49.2% from the August 31st total of 2,415 shares. Based on an average trading volume of 9,935 shares, the days-to-cover ratio is currently 0.4 days.

Tennessee Valley Authority PARRS A 2029 Stock Performance

Shares of NYSE TVE traded up $0.03 during trading hours on Thursday, reaching $23.18. 12,955 shares of the stock traded hands, compared to its average volume of 12,905. Tennessee Valley Authority PARRS A 2029 has a 52-week low of $22.83 and a 52-week high of $24.73. The company’s 50-day simple moving average is $23.42 and its two-hundred day simple moving average is $23.65.

Tennessee Valley Authority PARRS A 2029 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be paid a $0.1385 dividend. This represents a $0.55 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 30th.

About Tennessee Valley Authority PARRS A 2029

Tennessee Valley Authority (TVA) is a federally owned U.S. corporation established in 1933 to support economic development and improve quality of life in the Tennessee Valley. Its responsibilities include electricity generation and transmission, river and water-resource management, navigation, flood control, and environmental stewardship.

TVA operates an integrated power system that includes nuclear, hydroelectric, natural gas, coal, and renewable energy facilities. It sells electricity primarily on a wholesale basis to local power companies and provides power directly to certain large industrial customers.