Clearway Energy Inc (NYSE:CWEN.A) Short Interest Update

Clearway Energy Inc (NYSE:CWEN.A) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 492,800 shares, a decline of 29.4% from the August 31st total of 697,700 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 182,200 shares, the short-interest ratio is currently 2.7 days.

Separately, TheStreet upgraded Clearway Energy from a “d+” rating to a “c-” rating in a research report on Thursday, June 18th.

Shares of Clearway Energy stock traded up $0.95 during trading hours on Thursday, hitting $24.70. The company’s stock had a trading volume of 160,672 shares. The stock has a 50-day moving average price of $23.60 and a 200 day moving average price of $20.91.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 5.06%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, August 31st.

Clearway Energy Company Profile

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable energy and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2018, it had contracted generation portfolio of 5,272 net megawatts (MWs) of wind, solar, and natural gas-fired power generation facilities, as well as district energy systems.

Further Reading: What is required to own or exchange cryptocurrency?

Receive News & Ratings for Clearway Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearway Energy and related companies with MarketBeat.com's FREE daily email newsletter.