CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Sees Large Decline in Short Interest

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 6,932 shares, a decline of 82.7% from the July 15th total of 40,113 shares. Based on an average daily volume of 14,718 shares, the short-interest ratio is currently 0.5 days.

CTT – Correios De Portugal Stock Performance

CTTOF opened at $7.23 on Wednesday. CTT – Correios De Portugal has a twelve month low of $6.50 and a twelve month high of $8.72. The company has a fifty day moving average of $6.82 and a 200-day moving average of $7.39.

CTT – Correios De Portugal Company Profile

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.