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

Energias de Portugal (OTCMKTS:EDPFY) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 18,310 shares, an increase of 479.4% from the July 15th total of 3,160 shares. Based on an average daily volume of 43,195 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Energias de Portugal Stock Down 0.1%

Energias de Portugal stock traded down $0.03 during trading hours on Thursday, hitting $52.68. The stock had a trading volume of 14,835 shares, compared to its average volume of 22,814. The stock’s 50-day moving average price is $51.52 and its 200-day moving average price is $51.76. Energias de Portugal has a 12-month low of $42.93 and a 12-month high of $56.45.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Energias de Portugal to a “strong-buy” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Energias de Portugal

Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.