Energias de Portugal (OTCMKTS:EDPFY) Stock Short Interest Falls 82.5%

Energias de Portugal (OTCMKTS:EDPFY) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 4,835 shares, a decrease of 82.5% from the October 15th total of 27,624 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 41,808 shares, the days-to-cover ratio is currently 0.1 days.

Energias de Portugal Price Performance

EDPFY remained flat at $56.19 during trading on Thursday. 10,719 shares of the company’s stock traded hands, compared to its average volume of 24,242. Energias de Portugal has a 12 month low of $43.06 and a 12 month high of $58.23. The stock’s 50-day moving average is $54.53 and its 200 day moving average is $52.60.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Energias de Portugal Company Profile

Energias de Portugal, commonly known as EDP, is a Portugal-based energy company headquartered in Lisbon. Founded in 1976, it has grown from a domestic electricity provider into an international utility with operations across Europe, North America and South America. EDP generates electricity from renewable and conventional sources, including wind, solar, hydropower and natural gas. The company also operates electricity networks and supplies energy and related services to residential, commercial and industrial customers.