Companhia Paranaense de Energia (NYSE:ELPC) Sees Large Growth in Short Interest

Companhia Paranaense de Energia (NYSE:ELPC) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 16,400 shares, an increase of 24.2% from the June 30th total of 13,200 shares. Based on an average trading volume of 28,500 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Companhia Paranaense de Energia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vinland Capital Management Gestora de Recursos LTDA. acquired a new position in Companhia Paranaense de Energia during the fourth quarter worth about $4,967,000. AdvisorShares Investments LLC purchased a new stake in shares of Companhia Paranaense de Energia during the fourth quarter worth about $62,000. Optiver Holding B.V. purchased a new stake in shares of Companhia Paranaense de Energia during the fourth quarter worth about $1,217,000. Dorsey Wright & Associates purchased a new stake in shares of Companhia Paranaense de Energia during the fourth quarter worth about $62,000. Finally, SPX Gestao de Recursos Ltda purchased a new stake in shares of Companhia Paranaense de Energia during the fourth quarter worth about $33,000.

Companhia Paranaense de Energia Stock Performance

ELPC traded up $0.08 during midday trading on Friday, reaching $6.33. 21,651 shares of the company’s stock were exchanged, compared to its average volume of 30,997. The business’s 50-day moving average price is $6.24 and its 200 day moving average price is $6.74. Companhia Paranaense de Energia has a 1-year low of $5.74 and a 1-year high of $8.25.

Companhia Paranaense de Energia (NYSE:ELPC) last announced its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $1.09 billion for the quarter.

About Companhia Paranaense de Energia

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.