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

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) was the target of a large increase in short interest in 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 volume of 10,501 shares, the short-interest ratio is currently 0.3 days.

Tennessee Valley Authority PARRS A 2029 Price Performance

Shares of TVE opened at $23.16 on Monday. The company’s 50 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 1 year low of $22.83 and a 1 year high of $24.73.

Tennessee Valley Authority PARRS A 2029 Dividend Announcement

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