CEMIG (NYSE:CIG) Short Interest Update

CEMIG (NYSE:CIG - Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 1,370,000 shares, a decline of 22.6% from the April 30th total of 1,770,000 shares. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 3,810,000 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered CEMIG from a "neutral" rating to an "underperform" rating in a research report on Tuesday, April 1st.

CEMIG Trading Up 1.4%

Shares of NYSE CIG traded up $0.03 during mid-day trading on Friday, hitting $1.85. The stock had a trading volume of 2,613,510 shares, compared to its average volume of 2,423,489. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.04. CEMIG has a 1 year low of $1.59 and a 1 year high of $2.19. The business has a 50 day moving average price of $1.80 and a two-hundred day moving average price of $1.85. The firm has a market cap of $5.28 billion, a P/E ratio of 3.45 and a beta of 1.07.

CEMIG Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a dividend of $0.033 per share. The ex-dividend date of this dividend was Monday, March 31st. CEMIG's dividend payout ratio (DPR) is 43.48%.

CEMIG Company Profile

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.