Short Interest in Energias de Portugal (OTCMKTS:EDPFY) Drops By 87.8%

Energias de Portugal (OTCMKTS:EDPFYGet Free Report) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 2,460 shares, a decline of 87.8% from the December 31st total of 20,173 shares. Based on an average daily volume of 41,393 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 41,393 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research lowered Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Read Our Latest Report on Energias de Portugal

Energias de Portugal Stock Up 1.8%

OTCMKTS:EDPFY traded up $0.93 on Wednesday, reaching $51.79. 804 shares of the company’s stock were exchanged, compared to its average volume of 23,288. The business has a fifty day moving average of $46.08 and a 200-day moving average of $46.09. Energias de Portugal has a 52-week low of $29.88 and a 52-week high of $52.34.

Energias de Portugal Company Profile

(Get Free Report)

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.

Further Reading

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