Energias de Portugal (OTCMKTS:EDPFY) Sees Large Increase in Short Interest

Energias de Portugal (OTCMKTS:EDPFY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 32,997 shares, a growth of 328.9% from the September 15th total of 7,694 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 36,338 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Energias de Portugal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, Energias de Portugal currently has an average rating of “Strong Buy”.

Energias de Portugal Stock Up 0.9%

Shares of EDPFY stock opened at $54.34 on Tuesday. Energias de Portugal has a fifty-two week low of $43.06 and a fifty-two week high of $56.45. The firm’s 50 day moving average price is $53.92 and its two-hundred day moving average price is $52.74.

About Energias de Portugal

Energias de Portugal, SA (EDP) is a Portugal-based integrated energy company engaged in electricity generation, distribution and supply, as well as related energy services. Its activities include producing and marketing electricity, supplying natural gas in selected markets, and managing electricity distribution networks in Portugal through its regulated network business.

EDP has expanded from its Portuguese utility roots into an international energy group, with operations across Europe, Brazil and North America.