CEMIG (NYSE:CIG – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 3,270,000 shares, a growth of 13.5% from the June 30th total of 2,880,000 shares. Based on an average trading volume of 1,850,000 shares, the short-interest ratio is presently 1.8 days.
CEMIG Stock Down 0.8 %
NYSE CIG traded down $0.02 during trading on Wednesday, hitting $1.91. 943,254 shares of the company traded hands, compared to its average volume of 2,585,190. CEMIG has a 12 month low of $1.62 and a 12 month high of $2.12. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $1.89 and a 200 day simple moving average of $1.86. The company has a market capitalization of $5.45 billion, a P/E ratio of 4.78 and a beta of 1.29.
CEMIG (NYSE:CIG – Get Free Report) last announced its earnings results on Tuesday, April 30th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $2.01 billion for the quarter. CEMIG had a net margin of 14.81% and a return on equity of 22.54%. As a group, sell-side analysts predict that CEMIG will post 0.22 EPS for the current year.
CEMIG Increases Dividend
About CEMIG
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.
Featured Stories
- Five stocks we like better than CEMIG
- Investing in large cap stocks: Diving into big caps
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- With Risk Tolerance, One Size Does Not Fit All
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for CEMIG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEMIG and related companies with MarketBeat.com's FREE daily email newsletter.