Energias de Portugal (OTCMKTS:EDPFY) Short Interest Update

Energias de Portugal (OTCMKTS:EDPFY) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 2,460 shares, a decline of 87.8% from the December 31st total of 20,173 shares. Based on an average daily trading volume, of 41,393 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 41,393 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Energias de Portugal Price Performance

Energias de Portugal stock traded down $0.30 during midday trading on Thursday, hitting $51.84. The company’s stock had a trading volume of 2,611 shares, compared to its average volume of 21,404. Energias de Portugal has a 1-year low of $29.88 and a 1-year high of $52.47. The company has a 50-day moving average price of $46.26 and a two-hundred day moving average price of $46.13.

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.