Trading was heavy with 986K shares changing hands in the last trading session. Trading volume was up 174.48% over the stocks average daily volume.
Short traders are more bullish on shares of Atlantic Power Corp of late if you pay attention to the decrease in short interest. The stock recorded a fall in short interest of -3.97% as of October 31, 2017 from the last reporting period. Short shares decreased 29,546 over that period. With short interest at 715,036 and short average daily volume at 342,420, days to cover is 2.0 and the percentage of shorted shares is 0.01% as of October 31.
There has been some buying insider activity on Atlantic Power Corp (NYSE:AT) recently. Director Gilbert Samuel Palter acquired 34,700 shares at a price of $2.38 on September 6th. That brings Palter’s holdings to $1,463,700 as recorded in a recent Form 4 SEC filing.
A few notable investment firms have updated their holdings. Verition Fund Management LLC expanded its ownership by buying 32 shares an increase of 0.0% in the quarter. Verition Fund Management LLC controls 1,000,036 shares valued at $2,400,000. The value of the position overall is down by 9.4%. Dynamic Technology Lab Private Ltd cut its investment by shedding 3,891 shares a decrease of 21.1%. Dynamic Technology Lab Private Ltd now holds 14,559 shares with a value of $35,000. The total value of its holdings decreased 28.6%.
As of the end of the quarter Toronto Dominion Bank had sold a total of 299 shares trimming its position 90.3%. The value of the company’s investment in Atlantic Power Corp decreased from $1,000 to $0 a change of $1,000 quarter to quarter. Vanguard Group Inc augmented its holdings by buying 153,139 shares an increase of 2,784.3% as of 06/30/2017. Vanguard Group Inc currently owns 158,639 shares worth $381,000. The total value of its holdings increased 2,440.0%.
On October 17 TD Securities held the stock rating at “Hold” targeting a price of $2.50. Equity analyst National Bank Financial lowered the price target on August 30 changing the price objective from $2.60 to $2.45 and issued a “Sector Perform” rating.
In the market the company is trading up by 2.13% percent from yesterday’s close. Atlantic Power Corp currently has a P/E ratio of N/A and the market cap of the company is 276.51M. In the last earnings report the EPS was $-0.55 with 115.21M shares presently outstanding.
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2016, its power generation projects had an aggregate gross electric generation capacity of approximately 2,138 megawatts consisting of interests in 23 operational power generation projects across 9 states in the United States and 2 provinces in Canada. The company sells its electricity to utilities and other commercial customers. Atlantic Power Corporation was founded in 2004 and is headquartered in Dedham, Massachusetts..