Energias de Portugal (OTCMKTS:EDPFY) Short Interest Down 92.9% in March

Energias de Portugal (OTCMKTS:EDPFY) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 7,879 shares, a decline of 92.9% from the February 26th total of 111,442 shares. Based on an average daily volume of 58,543 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 58,543 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Energias de Portugal currently has an average rating of “Moderate Buy”.

Energias de Portugal Stock Performance

Shares of Energias de Portugal stock traded up $0.26 during trading hours on Wednesday, hitting $50.65. The company’s stock had a trading volume of 259 shares, compared to its average volume of 23,851. The stock has a market cap of $19.98 billion, a price-to-earnings ratio of 42.56 and a beta of 0.59. Energias de Portugal has a twelve month low of $31.55 and a twelve month high of $53.75. The firm has a fifty day moving average of $50.64 and a 200-day moving average of $48.05.

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.