CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Sees Large Decrease in Short Interest

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 4,459 shares, a drop of 46.9% from the May 14th total of 8,405 shares. Based on an average daily volume of 144 shares, the days-to-cover ratio is presently 31.0 days.

CTT – Correios De Portugal Price Performance

CTTOF stock remained flat at $6.78 during midday trading on Tuesday. The stock has a 50 day moving average price of $7.17 and a 200-day moving average price of $7.86. CTT – Correios De Portugal has a twelve month low of $6.90 and a twelve month high of $9.40.

About CTT – Correios De Portugal

CTT – Correios de Portugal, SA is the national postal operator of Portugal, offering a comprehensive range of mail and parcel delivery services to individual and corporate customers. The company’s core activities include the collection, sorting and distribution of letters, direct mail and parcels both domestically and through an extensive international network. CTT also provides express courier solutions, specialized logistics for e-commerce, and value-added services such as registered mail and postal insurance.

In addition to its traditional postal operations, CTT has expanded into financial services under the brand “Banco CTT,” offering savings accounts, payment cards, transfers and money-remittance services.