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

Capital Power Co. (OTCMKTS:CPXWF) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,511,500 shares, a decline 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 currently 39.3 days. Based on an average daily volume of 38,500 shares, the short-interest ratio is currently 39.3 days.

Wall Street Analysts Forecast Growth

CPXWF has been the subject of several research analyst reports. National Bankshares reaffirmed an “outperform” rating on shares of Capital Power in a report on Thursday. TD Securities restated a “buy” rating on shares of Capital Power in a research report on Thursday. CIBC restated an “outperform” rating on shares of Capital Power in a report on Monday, October 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Capital Power in a research note on Thursday. Finally, Scotiabank reissued 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Capital Power Price Performance

OTCMKTS CPXWF opened at $50.53 on Friday. The firm has a 50-day moving average price of $46.83 and a two-hundred day moving average price of $42.78. Capital Power has a 12-month low of $30.30 and a 12-month high of $52.82.

Capital Power Company Profile

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.