Short Interest in Companhia Paranaense de Energia – COPEL (NYSE:ELP) Expands By 36.9%

Companhia Paranaense de Energia – COPEL (NYSE:ELP) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 624,600 shares, an increase of 36.9% from the November 30th total of 456,300 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 325,600 shares, the days-to-cover ratio is currently 1.9 days.

Companhia Paranaense de Energia – COPEL Stock Performance

Shares of ELP stock traded down $0.01 during midday trading on Monday, hitting $5.94. The company had a trading volume of 208,483 shares, compared to its average volume of 304,037. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 11.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The company’s 50 day simple moving average is $6.46 and its 200 day simple moving average is $7.01. Companhia Paranaense de Energia – COPEL has a 52-week low of $5.72 and a 52-week high of $8.52.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. The company had revenue of $1.03 billion for the quarter. Research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.1441 dividend. The ex-dividend date is Friday, December 13th. Companhia Paranaense de Energia – COPEL’s dividend payout ratio is presently 31.48%.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Companhia Paranaense de Energia – COPEL in the third quarter valued at about $34,000. GAMMA Investing LLC boosted its stake in shares of Companhia Paranaense de Energia – COPEL by 61.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 2,043 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Companhia Paranaense de Energia – COPEL by 41.1% in the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock worth $77,000 after acquiring an additional 3,341 shares during the period. Ballentine Partners LLC raised its holdings in Companhia Paranaense de Energia – COPEL by 16.6% during the third quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 2,441 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in Companhia Paranaense de Energia – COPEL during the third quarter worth $135,000. Institutional investors and hedge funds own 3.80% of the company’s stock.

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.