Energias de Portugal (OTCMKTS:EDPFY) Sees Significant Increase in Short Interest

Energias de Portugal (OTCMKTS:EDPFY) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 7,563 shares, a growth of 207.4% from the January 15th total of 2,460 shares. Based on an average daily volume of 39,562 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 39,562 shares, the short-interest ratio is currently 0.2 days.

Energias de Portugal Trading Down 1.5%

Shares of EDPFY opened at $51.21 on Friday. Energias de Portugal has a twelve month low of $30.20 and a twelve month high of $52.83. The business’s 50-day moving average price is $47.96 and its 200-day moving average price is $46.69.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Energias de Portugal presently has a consensus rating of “Moderate Buy”.

About Energias de Portugal

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.