Energias de Portugal (OTCMKTS:EDPFY) Short Interest Update

Energias de Portugal (OTCMKTS:EDPFY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 21,539 shares, an increase of 84.9% from the August 15th total of 11,648 shares. Based on an average daily volume of 52,237 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Citigroup upgraded Energias de Portugal to a “strong-buy” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Energias de Portugal Price Performance

OTCMKTS EDPFY opened at $54.13 on Thursday. The stock’s fifty day moving average price is $52.91 and its 200 day moving average price is $52.21. Energias de Portugal has a 1 year low of $43.06 and a 1 year high of $56.45.

About Energias de Portugal

Energias de Portugal, SA (OTCMKTS:EDPFY), commonly known as EDP, is an integrated electric utility headquartered in Portugal. The company develops, owns and operates power-generation facilities and supplies electricity and related energy services to residential, commercial and industrial customers.

EDP has increasingly focused on renewable energy, including wind, solar and hydroelectric generation, while also providing energy-management, distributed-generation and electric-mobility solutions.