CEMIG (NYSE:CIG - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,240,000 shares, a decrease of 16.8% from the March 31st total of 1,490,000 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 3,280,000 shares, the short-interest ratio is presently 0.4 days.
Analyst Ratings Changes
A number of equities analysts recently commented on CIG shares. Hsbc Global Res upgraded shares of CEMIG to a "hold" rating in a research note on Friday, January 10th. HSBC downgraded CEMIG from a "buy" rating to a "hold" rating in a report on Friday, January 10th. Finally, Bank of America cut CEMIG from a "neutral" rating to an "underperform" rating in a research note on Tuesday, April 1st.
Get Our Latest Stock Analysis on CIG
CEMIG Stock Down 0.8 %
Shares of NYSE CIG traded down $0.02 during mid-day trading on Wednesday, reaching $1.85. The company had a trading volume of 1,022,827 shares, compared to its average volume of 2,321,501. The firm has a 50 day simple moving average of $1.81 and a two-hundred day simple moving average of $1.86. CEMIG has a 52-week low of $1.59 and a 52-week high of $2.19. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. The stock has a market cap of $5.28 billion, a P/E ratio of 3.45 and a beta of 1.11.
CEMIG Cuts Dividend
The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a dividend of $0.033 per share. The ex-dividend date of this dividend was Monday, March 31st. CEMIG's payout ratio is 18.52%.
About CEMIG
(
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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.
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