CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Short Interest Down 68.6% in March

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,102 shares, a decline of 68.6% from the February 26th total of 3,514 shares. Based on an average daily trading volume, of 40 shares, the days-to-cover ratio is presently 27.6 days. Based on an average daily trading volume, of 40 shares, the days-to-cover ratio is presently 27.6 days.

CTT – Correios De Portugal Stock Performance

OTCMKTS CTTOF opened at $6.90 on Wednesday. The business’s 50-day moving average price is $8.29 and its two-hundred day moving average price is $8.37. CTT – Correios De Portugal has a 12 month low of $6.90 and a 12 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.