Dynegy Inc. 7.00% Tangible Equi (NYSE:DYNC) Short interest grew by 92.27% – Currently Trading Down

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Investors are a little more bearish on Dynegy Inc. 7.00% Tangible Equi recently as inferred by the change in short interest. The firm realized a rise in short interest of 92.27% between September 15, 2017 and September 29, 2017. Short shares increased from 970 to 1,865 over that period. The short-interest ratio decreased to 0.0 and the percentage of shorted shares is 0.00% as of September 29.

These funds have shifted positions in (DYNC). As of the end of the quarter Verde Servicos Internacionais S.a. had bought 50,000 shares growing its stake by 83.3%. The value of the company’s investment in Dynegy Inc. 7.00% Tangible Equi increased from $3,730,000 to $7,411,000 a change of $3,681,000 quarter over quarter.

The company is so far trading down from yesterday’s close of 64.68. The stock is trading at $63.60 slightly below the 50 day moving average of $66.16 and which is slightly above the 200 day moving average of $61.77. The 50 day moving average was down $-2.56 and the 200 day average was up $1.83.

Dynegy Inc., through its subsidiaries, produces and sells electric energy, capacity, and ancillary services in the United States. It operates in six segments: PJM, NY/NE, ERCOT, MISO, IPH, and CAISO. The company sells its services on a wholesale basis from its power generation facilities. It has a fleet of 50 power plants in 12 states totaling approximately 31,000 megawatts of generating capacity. The company serves a range of customers, including regional transmission organizations, independent system operators, integrated utilities, municipalities, electric cooperatives, transmission and distribution utilities, and power marketers; financial participants, such as banks and hedge funds; and residential, commercial, and industrial end-users. Dynegy Inc. was founded in 1984 and is headquartered in Houston, Texas..

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