Atlantic Power Corporation (NYSE:AT) Short Interest Decreased By 7.88%


The stock of Atlantic Power Corporation (NYSE:AT) registered a decrease of 7.88% in short interest. AT’s total short interest was 1.96M shares in September as published by FINRA. Its down 7.88% from 2.13M shares, reported previously. With 276,300 shares average volume, it will take short sellers 7 days to cover their AT’s short positions. The short interest to Atlantic Power Corporation’s float is 1.89%. About 18,856 shares traded hands. Atlantic Power Corp (NYSE:AT) has risen 48.52% since February 8, 2016 and is uptrending. It has outperformed by 32.03% the S&P500.

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. The company has a market cap of $309.78 million. The Company’s power generation projects sell electricity to utilities and other commercial clients primarily under long-term power purchase agreements (PPAs). It currently has negative earnings. Atlantic Power operates through four divisions: East U.S., West U.S., Canada and Un-Allocated Corporate.

The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.35, from 1.2 in 2016Q1. The ratio dropped, as 10 funds sold all Atlantic Power Corp shares owned while 38 reduced positions. 10 funds bought stakes while 31 increased positions. They now own 52.40 million shares or 0.44% more from 52.17 million shares in 2016Q1.

Mangrove Partners holds 3.92% of its portfolio in Atlantic Power Corp for 6.34 million shares. Oskie Capital Management Llc owns 2.16 million shares or 3.21% of their US portfolio. Moreover, 12 West Capital Management Lp has 2.93% invested in the company for 7.32 million shares. The New York-based Gagnon Securities Llc has invested 0.33% in the stock. Tfs Capital Llc, a Pennsylvania-based fund reported 265,565 shares.

Out of 2 analysts covering Atlantic Power Corporation (NYSE:AT), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Atlantic Power Corporation has been the topic of 3 analyst reports since December 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets upgraded the stock on March 9 to “Sector Perform” rating.

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