Short Interest in Dynegy Inc. (DYN) Drops By 15.9%

Dynegy Inc. (NYSE:DYN) was the target of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 23,015,480 shares, a decrease of 15.9% from the November 15th total of 27,368,642 shares. Based on an average trading volume of 5,888,501 shares, the short-interest ratio is currently 3.9 days. Currently, 25.4% of the shares of the company are sold short.

Shares of Dynegy (NYSE DYN) opened at $11.59 on Thursday. Dynegy has a twelve month low of $5.84 and a twelve month high of $12.84. The company has a debt-to-equity ratio of 5.46, a current ratio of 1.97 and a quick ratio of 1.47.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its holdings in Dynegy by 11.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,302 shares of the utilities provider’s stock worth $135,000 after buying an additional 1,643 shares in the last quarter. Legal & General Group Plc raised its position in Dynegy by 1.4% during the second quarter. Legal & General Group Plc now owns 187,960 shares of the utilities provider’s stock worth $1,556,000 after acquiring an additional 2,560 shares during the period. Profund Advisors LLC raised its position in Dynegy by 20.2% during the second quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock worth $131,000 after acquiring an additional 2,655 shares during the period. Voya Investment Management LLC raised its position in Dynegy by 10.0% during the second quarter. Voya Investment Management LLC now owns 53,376 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 4,833 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Dynegy by 27.2% during the third quarter. Advisors Asset Management Inc. now owns 24,002 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 5,136 shares during the period.

Several research firms have recently commented on DYN. Zacks Investment Research raised shares of Dynegy from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Morgan Stanley set a $15.00 price target on shares of Dynegy and gave the stock a “buy” rating in a report on Thursday, October 26th. ValuEngine downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Royal Bank of Canada reissued a “hold” rating and set a $8.00 price target on shares of Dynegy in a report on Tuesday, October 10th. Finally, Bank of America assumed coverage on shares of Dynegy in a report on Tuesday, October 24th. They set a “buy” rating and a $11.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.34.

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Dynegy Company Profile

Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.

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