Short Interest in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Drops By 33.6%

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 212,000 shares, a drop of 33.6% from the February 13th total of 319,100 shares. Based on an average daily trading volume, of 241,300 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after buying an additional 677 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth about $101,000. Jane Street Group LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $207,000. Walleye Capital LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter valued at approximately $237,000. Finally, NewEdge Advisors LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $257,000. 1.64% of the stock is currently owned by institutional investors.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock traded up $1.27 on Friday, reaching $33.09. 96,381 shares of the stock were exchanged, compared to its average volume of 139,157. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82. The firm has a market cap of $1.50 billion, a PE ratio of 6.44 and a beta of 1.38. The firm’s 50 day moving average is $36.71 and its 200-day moving average is $33.40. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a one year low of $13.78 and a one year high of $51.69.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.