CEMIG (NYSE:CIG) Short Interest Update

CEMIG (NYSE:CIG) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 2,700,000 shares, an increase of 307.1% from the May 31st total of 663,300 shares. Based on an average daily volume of 2,450,000 shares, the short-interest ratio is presently 1.1 days.

CEMIG Stock Performance

Shares of NYSE CIG traded down $0.03 during midday trading on Thursday, hitting $1.82. 2,233,779 shares of the stock traded hands, compared to its average volume of 2,779,891. The firm has a 50-day moving average of $1.91 and a two-hundred day moving average of $1.84. The firm has a market capitalization of $5.21 billion, a P/E ratio of 4.55 and a beta of 1.28. CEMIG has a one year low of $1.62 and a one year high of $2.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

CEMIG (NYSE:CIG) last released its earnings results on Tuesday, April 30th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $2.01 billion during the quarter. CEMIG had a net margin of 14.81% and a return on equity of 22.80%. On average, equities analysts forecast that CEMIG will post 0.22 EPS for the current fiscal year.

CEMIG Company Profile

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.