Electricité de France S.A. (OTCMKTS:ECIFY) Short Interest Update

Electricité de France S.A. (OTCMKTS:ECIFY) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 12,900 shares, a growth of 514.3% from the December 15th total of 2,100 shares. Based on an average daily volume of 100,600 shares, the days-to-cover ratio is currently 0.1 days.

OTCMKTS:ECIFY traded up $0.05 during midday trading on Friday, reaching $2.30. The stock had a trading volume of 44,131 shares, compared to its average volume of 45,854. The firm has a fifty day simple moving average of $2.58 and a two-hundred day simple moving average of $2.61. Electricité de France has a 12-month low of $2.15 and a 12-month high of $3.02.

The business also recently announced a dividend, which was paid on Monday, December 20th. Shareholders of record on Friday, November 19th were given a dividend of $0.1205 per share. The ex-dividend date of this dividend was Thursday, November 18th. This represents a dividend yield of 4.26%.

Several brokerages recently weighed in on ECIFY. UBS Group reaffirmed a “buy” rating on shares of Electricité de France in a report on Thursday, October 7th. Zacks Investment Research cut shares of Electricité de France from a “buy” rating to a “hold” rating in a report on Monday, October 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Electricité de France in a report on Tuesday, October 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.75.

Electricité de France Company Profile

Électricité de France SA engages in the energy industry production. It operates in the following business segments: Electricity and, Gas. It offers the following services: production, transport, distribution, trading, sale of energy and, energy services. The company was founded on June 17, 1955 and is headquartered in Paris, France.

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