Equatorial Energia S.A. (OTCMKTS:EQUEY) Sees Large Growth in Short Interest

Equatorial Energia S.A. (OTCMKTS:EQUEY) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,060 shares, a growth of 1,534.9% from the September 30th total of 126 shares. Based on an average daily trading volume, of 4,275 shares, the short-interest ratio is presently 0.5 days.

Equatorial Energia Stock Performance

OTCMKTS:EQUEY traded down $3.16 on Monday, reaching $6.56. The stock had a trading volume of 43,703 shares, compared to its average volume of 4,517. Equatorial Energia has a 12-month low of $6.21 and a 12-month high of $9.87. The company has a 50-day moving average of $8.08 and a 200 day moving average of $7.89.

Equatorial Energia Company Profile

Equatorial Energia SA is a Brazilian utility company engaged primarily in the distribution of electric power. Through regulated concessionaires, the company serves residential, commercial and industrial customers across several Brazilian states, including Maranhão, Pará, Piauí, Alagoas, Amapá, Goiás and Rio Grande do Sul.

The company’s operations include electricity distribution, power generation and transmission, as well as related infrastructure and utility services. Equatorial has also expanded into the sanitation sector, providing water and wastewater services through its regulated concessions.