Engie Brasl Ega (OTCMKTS:EGIEY) Sees Significant Decline in Short Interest

Engie Brasl Ega (OTCMKTS:EGIEY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 109,373 shares, a drop of 38.8% from the May 31st total of 178,582 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 103,069 shares, the days-to-cover ratio is currently 1.1 days.

Engie Brasl Ega Stock Performance

OTCMKTS:EGIEY opened at $6.27 on Friday. The company has a fifty day moving average of $6.86 and a 200-day moving average of $6.54. The firm has a market capitalization of $7.16 billion, a P/E ratio of 15.45 and a beta of 0.31. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.92. Engie Brasl Ega has a twelve month low of $5.05 and a twelve month high of $9.50.

Engie Brasl Ega (OTCMKTS:EGIEY) last issued its earnings results on Thursday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). Engie Brasl Ega had a return on equity of 19.64% and a net margin of 19.40%.The company had revenue of $634.73 million for the quarter, compared to the consensus estimate of $590.42 million.

Engie Brasl Ega Company Profile

Engie Brasil Energia SA is a leading independent power producer in Brazil, focusing on the generation, sale and commercialization of electricity. The company’s diversified portfolio includes hydroelectric plants, gas-fired and biomass-fueled thermal facilities, as well as onshore wind farms and solar installations. Through a mix of long-term power purchase agreements and spot market transactions, Engie Brasil serves both regulated and free-market customers, including industrial, commercial and residential consumers.

Beyond core electricity generation, Engie Brasil offers a suite of energy solutions and services such as plant operation and maintenance, technical consulting, and energy efficiency programs.