Atlantic Power Corporation (AT) : The short interest in Atlantic Power Corporation (AT) has increased from 2,075,622 to 2,129,655 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 381,314 shares are traded daily in the stock and only 6 days are left for the shorts to cover. The short open interest is 1.8% of the total shares in the hands of the public. The shorts in the stock have gone up by 54,033 shares, which is an increase of 2.6% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Atlantic Power Corporation (NYSE:AT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.52 and $2.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.56, notching a gain of 1.19% for the day. The total traded volume was 211,801 . The stock had closed at $2.53 on the previous day.
In a related news, Cofelice Joseph, officer (EVP Commercial Development) of Atlantic Power Corp, executed a transaction worth $22,900 on June 13, 2016. A total of 10,000 shares were purchased at an average price of $2.29. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Companys power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East, West, Wind and Un-allocated Corporate. The East segment includes the Companys projects in the eastern United States. The West Segment includes its power generation operations in the western United States. The Wind segment involved Atlantic Powers wind power generation operations. The Un-allocated Corporate segment includes activities that support the Companys executive and administrative offices, capital structure, costs of being a public registrant, costs to develop projects and intercompany eliminations. Atlantic Powers power generation projects have an aggregate gross electric generation capacity of approximately 2,945 megawatts.