Engie Brasl Ega (OTCMKTS:EGIEY) Short Interest Up 211.8% in May

Engie Brasl Ega (OTCMKTS:EGIEY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 178,582 shares, an increase of 211.8% from the May 14th total of 57,274 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 153,439 shares, the days-to-cover ratio is currently 1.2 days.

Engie Brasl Ega Stock Performance

EGIEY stock opened at $7.05 on Friday. The business’s fifty day moving average is $7.03 and its 200-day moving average is $6.60. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.92. The company has a market cap of $8.05 billion, a P/E ratio of 17.38 and a beta of 0.32. Engie Brasl Ega has a twelve month low of $5.05 and a twelve month high of $9.50.

Engie Brasl Ega (OTCMKTS:EGIEY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $634.73 million during the quarter, compared to analyst estimates of $590.42 million. Engie Brasl Ega had a net margin of 19.40% and a return on equity of 19.64%.

Engie Brasl Ega Company Profile

Engie Brasil Energia SA is a leading independent power producer in Brazil, focusing on the generation, sale and commercialization of electricity. The company’s diversified portfolio includes hydroelectric plants, gas-fired and biomass-fueled thermal facilities, as well as onshore wind farms and solar installations. Through a mix of long-term power purchase agreements and spot market transactions, Engie Brasil serves both regulated and free-market customers, including industrial, commercial and residential consumers.

Beyond core electricity generation, Engie Brasil offers a suite of energy solutions and services such as plant operation and maintenance, technical consulting, and energy efficiency programs.