Energias de Portugal (OTCMKTS:EDPFY) Sees Large Drop in Short Interest

Energias de Portugal (OTCMKTS:EDPFY) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,160 shares, a decrease of 69.4% from the June 30th total of 10,323 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 47,245 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Energias de Portugal Stock Performance

Shares of OTCMKTS EDPFY opened at $52.36 on Monday. The business has a 50-day simple moving average of $51.48 and a two-hundred day simple moving average of $51.42. Energias de Portugal has a 52 week low of $42.31 and a 52 week high of $56.45.

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.