Equatorial Energia S.A. (OTCMKTS:EQUEY) Short Interest Up 1,908.7% in May

Equatorial Energia S.A. (OTCMKTS:EQUEY) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,386 shares, an increase of 1,908.7% from the May 14th total of 69 shares. Based on an average trading volume of 25,636 shares, the days-to-cover ratio is currently 0.1 days.

Equatorial Energia Stock Performance

Shares of OTCMKTS EQUEY remained flat at $7.73 during midday trading on Tuesday. The company’s stock had a trading volume of 192 shares, compared to its average volume of 4,408. The business’s 50 day moving average price is $8.22 and its 200-day moving average price is $7.77. Equatorial Energia has a 12 month low of $6.02 and a 12 month high of $9.59.

About Equatorial Energia

Equatorial Energia SA, trading on the OTC market under the symbol EQUEY, is a Brazilian energy holding company headquartered in São Luís, Maranhão. Founded in 1998, the company has grown through strategic acquisitions and concession awards to become one of the leading electricity distributors in northern Brazil. Its core business encompasses the distribution of electric power, which represents the bulk of its operations.

Equatorial’s distribution network serves over eight million customers across eight Brazilian states, including Maranhão, Pará, Piauí and Amazonas.