EDP Renováveis, S.A. (OTCMKTS:EDRVF) Sees Significant Growth in Short Interest

EDP Renováveis, S.A. (OTCMKTS:EDRVF) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,258,300 shares, an increase of 84.6% from the March 15th total of 681,800 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 449.4 days.

EDP Renováveis Stock Up 10.8 %

Shares of OTCMKTS EDRVF traded up $0.85 during midday trading on Thursday, reaching $8.72. 168 shares of the company’s stock were exchanged, compared to its average volume of 15,712. EDP Renováveis has a 52-week low of $7.87 and a 52-week high of $17.53. The business’s fifty day moving average price is $8.78 and its two-hundred day moving average price is $10.76.

About EDP Renováveis

EDP Renováveis, SA, a renewable energy company, plans, constructs, operates, and maintains electricity power stations. The company operates wind and solar farms. As of December 31, 2023, it had an installed capacity of 6,891 megawatts in the United States; 2,042 megawatts in Spain; 1,413 megawatts in Portugal; 1,165 megawatts in Brazil; 798 megawatts in Poland; 521 megawatts in Romania; 496 megawatts in Mexico; 427 megawatts in Canada; 412 megawatts in Italy; 402 megawatts in Vietnam; 315 megawatts in Singapore; 244 megawatts in France; 123 megawatts in China; 83 megawatts in Chile; 80 megawatts in Greece; 43 megawatts in Taiwan; 11 megawatts in Belgium; 9 megawatts in the Netherlands; 7 megawatts in Thailand; and 5 megawatts in the United Kingdom.