A Reversal for Triplepoint Venture Growth Bdc Corp (NYSE:TPVG) Is Not Near. The Stock Has Rise in Shorts

October 13, 2018 - By Adrian Erickson

The stock of Triplepoint Venture Growth Bdc Corp (NYSE:TPVG) registered an increase of 76.15% in short interest. TPVG’s total short interest was 141,800 shares in October as published by FINRA. Its up 76.15% from 80,500 shares, reported previously. With 237,500 shares average volume, it will take short sellers 1 days to cover their TPVG’s short positions.

The stock increased 0.47% or $0.06 during the last trading session, reaching $12.78. About 103,865 shares traded. TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) has risen 0.69% since October 13, 2017 and is uptrending. It has underperformed by 14.93% the S&P500.

TriplePoint Venture Growth BDC Corp is a business development firm specializing investments in growth stage. The company has market cap of $308.91 million. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. It has a 9.21 P/E ratio. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

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