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Calpine (NYSE:CPN) saw a large increase in short interest during the month of June. As of June 13th, there was short interest totalling 4,681,997 shares, an increase of 50.1% from the May 30th total of 3,118,350 shares, Analyst RN reports. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 2,196,342 shares, the short-interest ratio is presently 2.1 days.

A number of analysts have recently weighed in on CPN shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of Calpine in a research note on Thursday, July 3rd. They now have a $23.00 price target on the stock, down previously from $24.00. Separately, analysts at Zacks downgraded shares of Calpine from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $25.80 price target on the stock. Finally, analysts at Argus raised their price target on shares of Calpine from $25.00 to $27.00 in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Calpine currently has an average rating of “Buy” and a consensus price target of $24.70.

Shares of Calpine (NYSE:CPN) opened at 23.84 on Thursday. Calpine has a one year low of $18.46 and a one year high of $24.24. The stock has a 50-day moving average of $23.47 and a 200-day moving average of $21.17. The company has a market cap of $10.093 billion and a price-to-earnings ratio of 85.65.

Calpine (NYSE:CPN) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.02. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 58.3% on a year-over-year basis. Analysts expect that Calpine will post $0.76 EPS for the current fiscal year.

Calpine Corporation (NYSE:CPN) is an independent wholesale power producer in the United States.

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