Energias de Portugal (OTCMKTS:EDPFY – Get Free Report) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 111,442 shares, a growth of 1,335.6% from the February 12th total of 7,763 shares. Based on an average daily volume of 86,359 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 86,359 shares, the short-interest ratio is presently 1.3 days.
Energias de Portugal Stock Up 2.2%
EDPFY traded up $1.06 during trading hours on Tuesday, reaching $49.99. The company’s stock had a trading volume of 19,164 shares, compared to its average volume of 26,277. Energias de Portugal has a 52 week low of $31.55 and a 52 week high of $53.75. The company’s 50-day moving average is $49.93 and its 200-day moving average is $47.59.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded shares of Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Energias de Portugal presently has a consensus rating of “Moderate Buy”.
Energias de Portugal Company Profile
Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.
Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.
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