CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Short Interest Update

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,459 shares, a decline of 46.9% from the May 14th total of 8,405 shares. Based on an average daily volume of 144 shares, the short-interest ratio is currently 31.0 days.

CTT – Correios De Portugal Stock Performance

OTCMKTS CTTOF opened at $6.78 on Friday. The company has a fifty day moving average of $7.18 and a 200 day moving average of $7.88. CTT – Correios De Portugal has a 1 year low of $6.90 and a 1 year high of $9.40.

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.