Engie Brasl Ega (OTCMKTS:EGIEY) Sees Large Decrease in Short Interest

Engie Brasl Ega (OTCMKTS:EGIEY) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 40,917 shares, a drop of 41.6% from the August 15th total of 70,041 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 91,668 shares, the days-to-cover ratio is presently 0.4 days.

Engie Brasl Ega Trading Down 1.2%

EGIEY opened at $5.95 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.75. Engie Brasl Ega has a 52 week low of $5.22 and a 52 week high of $9.50. The business’s 50 day moving average is $5.91 and its two-hundred day moving average is $6.46. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 9.05 and a beta of 0.34.

About Engie Brasl Ega

ENGIE Brasil Energia SA is a Brazilian power-generation company and a subsidiary of the global ENGIE Group. The company develops, constructs, owns and operates electricity-generation assets and sells energy to commercial, industrial and other customers in Brazil.

Its generation portfolio includes hydroelectric, wind, solar and thermal power projects, as well as facilities fueled by biomass. ENGIE Brasil Energia has also participated in the development and operation of energy infrastructure and related services, supporting Brazil’s electricity system and the transition toward a more diversified generation mix.

The company was established in 1998 as Tractebel Energia and adopted the ENGIE Brasil Energia name in 2016 following the rebranding of its controlling shareholder.