Companhia Paranaense de Energia – COPEL (NYSE:ELP) Sees Large Decrease in Short Interest

Companhia Paranaense de Energia – COPEL (NYSE:ELP) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totalling 688,500 shares, a drop of 6.5% from the June 30th total of 736,400 shares. Based on an average daily trading volume, of 215,200 shares, the days-to-cover ratio is presently 3.2 days. Approximately 0.8% of the company’s shares are short sold.

Companhia Paranaense de Energia – COPEL Stock Down 0.8 %

NYSE ELP traded down $0.06 on Wednesday, reaching $7.14. 21,006 shares of the company were exchanged, compared to its average volume of 321,682. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.37 and a current ratio of 1.39. The business’s fifty day moving average price is $7.07 and its 200 day moving average price is $7.54. Companhia Paranaense de Energia – COPEL has a fifty-two week low of $6.10 and a fifty-two week high of $8.91.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.04 EPS for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 8.72% and a net margin of 10.17%. The business had revenue of $1.09 billion for the quarter. Equities analysts expect that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 44.9% during the 4th quarter. Blue Trust Inc. now owns 9,153 shares of the utilities provider’s stock worth $80,000 after buying an additional 2,835 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in Companhia Paranaense de Energia – COPEL by 5.8% in the fourth quarter. First Trust Direct Indexing L.P. now owns 25,389 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 1,386 shares during the period. Wrapmanager Inc. acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $91,000. Jump Financial LLC grew its holdings in shares of Companhia Paranaense de Energia – COPEL by 131.9% during the 4th quarter. Jump Financial LLC now owns 73,902 shares of the utilities provider’s stock worth $627,000 after purchasing an additional 42,028 shares during the period. Finally, Capital Wealth Planning LLC acquired a new stake in shares of Companhia Paranaense de Energia – COPEL during the 4th quarter worth about $1,035,000. 3.80% of the stock is currently owned by institutional investors and hedge funds.

About Companhia Paranaense de Energia – COPEL

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.