Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Short Interest Update

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,600,000 shares, a decrease of 14.0% from the February 28th total of 1,860,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,460,000 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Centrais Elétricas Brasileiras S.A. – Eletrobrás

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 1,528 shares during the period. Tower Research Capital LLC TRC grew its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock worth $40,000 after buying an additional 3,870 shares in the last quarter. Barclays PLC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 301.9% during the 4th quarter. Barclays PLC now owns 10,047 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 7,547 shares during the period. Two Sigma Advisers LP acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at $62,000. Finally, First Trust Advisors LP bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter valued at $81,000. Institutional investors and hedge funds own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 3.0 %

Shares of EBR stock opened at $7.34 on Friday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12-month low of $5.45 and a 12-month high of $8.41. The firm has a 50 day moving average price of $6.67 and a two-hundred day moving average price of $6.44. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $16.47 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 4.35 and a beta of 1.00.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last released its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $10.17 billion. As a group, analysts predict that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current year.

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.