Short Interest in CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Expands By 581.5%

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 40,113 shares, a growth of 581.5% from the June 30th total of 5,886 shares. Based on an average daily volume of 870 shares, the days-to-cover ratio is presently 46.1 days.

CTT – Correios De Portugal Price Performance

OTCMKTS CTTOF opened at $6.70 on Friday. The company has a fifty day simple moving average of $6.86 and a two-hundred day simple moving average of $7.54. CTT – Correios De Portugal has a 12-month low of $6.50 and a 12-month high of $8.72.

CTT – Correios De Portugal Company Profile

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.