CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Short Interest Update

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,602 shares, a growth of 45.4% from the March 15th total of 1,102 shares. Based on an average trading volume of 569 shares, the days-to-cover ratio is currently 2.8 days.

CTT – Correios De Portugal Price Performance

Shares of OTCMKTS:CTTOF remained flat at $7.74 on Wednesday. The stock had a trading volume of 250 shares, compared to its average volume of 1,893. CTT – Correios De Portugal has a 1 year low of $6.90 and a 1 year high of $9.40. The business has a 50 day moving average price of $7.85 and a 200 day moving average price of $8.22.

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.