Short Interest in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Expands By 10.5%

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,590,000 shares, an increase of 10.5% from the December 15th total of 5,060,000 shares. Based on an average trading volume of 1,450,000 shares, the short-interest ratio is presently 3.9 days.

Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 1,685 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the 3rd quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock worth $93,000 after buying an additional 2,642 shares during the period. Metis Global Partners LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the third quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 3,934 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% during the third quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 5,089 shares during the period. Finally, Natixis Advisors LLC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% during the third quarter. Natixis Advisors LLC now owns 50,727 shares of the utilities provider’s stock worth $367,000 after acquiring an additional 5,552 shares during the last quarter. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 1.1 %

NYSE EBR traded up $0.07 during trading hours on Monday, hitting $5.79. 1,452,317 shares of the company’s stock were exchanged, compared to its average volume of 1,921,075. The business’s 50 day moving average is $5.88 and its 200-day moving average is $6.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12-month low of $5.45 and a 12-month high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th will be issued a dividend of $0.1414 per share. The ex-dividend date is Monday, December 30th. This represents a dividend yield of 1%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th. Hsbc Global Res raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research note on Tuesday, October 15th.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.