Energias de Portugal (OTCMKTS:EDPFY) Short Interest Up 176.2% in September

Energias de Portugal (OTCMKTS:EDPFY) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 11,600 shares, an increase of 176.2% from the August 31st total of 4,200 shares. Based on an average daily volume of 19,100 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 19,100 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Energias de Portugal has an average rating of “Moderate Buy”.

Energias de Portugal Trading Up 0.2%

Shares of EDPFY stock opened at $48.27 on Friday. Energias de Portugal has a 1-year low of $29.88 and a 1-year high of $48.84. The firm’s 50-day simple moving average is $44.76 and its 200-day simple moving average is $41.24.

About Energias de Portugal

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.