Short Interest in Energias de Portugal (OTCMKTS:EDPFY) Expands By 296.9%

Energias de Portugal (OTCMKTS:EDPFY) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 20,173 shares, an increase of 296.9% from the December 15th total of 5,083 shares. Based on an average daily trading volume, of 47,805 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 47,805 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of 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. According to MarketBeat.com, Energias de Portugal presently has an average rating of “Moderate Buy”.

Energias de Portugal Price Performance

Shares of Energias de Portugal stock opened at $47.37 on Tuesday. Energias de Portugal has a 52 week low of $29.88 and a 52 week high of $51.99. The stock has a 50 day moving average price of $45.35 and a two-hundred day moving average price of $45.73.

Energias de Portugal Company Profile

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.