CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Short Interest Up 581.5% in July

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 40,113 shares, an increase of 581.5% from the June 30th total of 5,886 shares. Based on an average daily trading volume, of 870 shares, the short-interest ratio is currently 46.1 days.

CTT – Correios De Portugal Stock Performance

OTCMKTS:CTTOF remained flat at $6.70 during mid-day trading on Friday. CTT – Correios De Portugal has a 52-week low of $6.50 and a 52-week high of $8.72. The company has a fifty day moving average of $6.86 and a 200 day moving average of $7.54.

About CTT – Correios De Portugal

CTT – Correios de Portugal, SA is the national postal operator of Portugal, offering a comprehensive range of mail and parcel delivery services to individual and corporate customers. The company’s core activities include the collection, sorting and distribution of letters, direct mail and parcels both domestically and through an extensive international network. CTT also provides express courier solutions, specialized logistics for e-commerce, and value-added services such as registered mail and postal insurance.

In addition to its traditional postal operations, CTT has expanded into financial services under the brand “Banco CTT,” offering savings accounts, payment cards, transfers and money-remittance services.