Short Interest in Engie Brasl Ega (OTCMKTS:EGIEY) Decreases By 78.8%

Engie Brasl Ega (OTCMKTS:EGIEY) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 23,156 shares, a decrease of 78.8% from the June 15th total of 109,373 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 136,717 shares, the short-interest ratio is presently 0.2 days.

Engie Brasl Ega Price Performance

OTCMKTS:EGIEY traded up $0.05 during trading hours on Friday, reaching $6.45. 22,472 shares of the company were exchanged, compared to its average volume of 62,874. The business has a 50 day moving average of $6.76 and a 200 day moving average of $6.57. The company has a market capitalization of $7.37 billion, a P/E ratio of 15.90 and a beta of 0.31. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.54 and a quick ratio of 1.54. Engie Brasl Ega has a 1-year low of $5.05 and a 1-year high of $9.50.

Engie Brasl Ega (OTCMKTS:EGIEY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The firm had revenue of $634.73 million for the quarter, compared to analyst estimates of $590.42 million. Engie Brasl Ega had a net margin of 19.40% and a return on equity of 19.64%.

About Engie Brasl Ega

Engie Brasil Energia SA is a leading independent power producer in Brazil, focusing on the generation, sale and commercialization of electricity. The company’s diversified portfolio includes hydroelectric plants, gas-fired and biomass-fueled thermal facilities, as well as onshore wind farms and solar installations. Through a mix of long-term power purchase agreements and spot market transactions, Engie Brasil serves both regulated and free-market customers, including industrial, commercial and residential consumers.

Beyond core electricity generation, Engie Brasil offers a suite of energy solutions and services such as plant operation and maintenance, technical consulting, and energy efficiency programs.