Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Stock Short Interest Jumps 68.0%

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,993 shares, an increase of 68.0% from the September 30th total of 1,782 shares. Based on an average daily trading volume, of 10,501 shares, the days-to-cover ratio is currently 0.3 days.

Tennessee Valley Authority PARRS A 2029 Price Performance

Shares of TVE stock opened at $23.16 on Monday. The company’s fifty day simple moving average is $23.29 and its 200-day simple moving average is $23.76. Tennessee Valley Authority PARRS A 2029 has a 52 week low of $22.83 and a 52 week high of $24.73.

Tennessee Valley Authority PARRS A 2029 Announces Dividend

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

About Tennessee Valley Authority PARRS A 2029

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) is a security issued by the Tennessee Valley Authority (TVA), a federally owned corporation established in 1933. TVA is not a traditional publicly traded operating company; it finances its activities through securities and uses the proceeds to support its energy and regional development operations.

TVA is the largest public power provider in the United States. Its primary business is generating and supplying electricity to local power companies, municipalities, industrial customers and federal installations.