Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Short Interest Update

Key Points

• Companhia Paranaense de Energia (COPEL) experienced a 93.5% increase in short interest in July, bringing the total to 810,300 shares as of July 31st, while the days-to-cover ratio stands at 3.0 days.
• Institutional investors have shown strong interest, with several firms such as BNP Paribas and Bank of America significantly increasing their stakes in the company during the 2nd quarter.
• COPEL's stock is currently down 1.1%, trading at $8.90, after reporting disappointing earnings of $0.02 per share, missing estimates by $0.09.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 810,300 shares, anincreaseof93.5% from the July 15th total of 418,800 shares. Based on an average daily volume of 272,200 shares, the days-to-cover ratio is presently 3.0 days. Currently,0.2% of the company's shares are sold short. Currently,0.2% of the company's shares are sold short. Based on an average daily volume of 272,200 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in Companhia Paranaense de Energia (COPEL) by 185.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 25,876 shares of the utilities provider's stock valued at $236,000 after buying an additional 16,800 shares during the period. Brevan Howard Capital Management LP purchased a new position in shares of Companhia Paranaense de Energia (COPEL) in the 2nd quarter worth about $768,000. Bank of America Corp DE lifted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 97.7% in the second quarter. Bank of America Corp DE now owns 544,714 shares of the utilities provider's stock worth $4,973,000 after buying an additional 269,120 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Companhia Paranaense de Energia (COPEL) by 91.2% in the second quarter. Raymond James Financial Inc. now owns 108,577 shares of the utilities provider's stock worth $991,000 after purchasing an additional 51,797 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Companhia Paranaense de Energia (COPEL) by 53.7% during the second quarter. Quantinno Capital Management LP now owns 118,059 shares of the utilities provider's stock valued at $1,078,000 after acquiring an additional 41,240 shares during the last quarter. Institutional investors and hedge funds own 3.80% of the company's stock.

Companhia Paranaense de Energia (COPEL) Stock Down 1.1%

Shares of Companhia Paranaense de Energia (COPEL) stock traded down $0.10 during trading hours on Friday, hitting $8.90. 190,803 shares of the company's stock traded hands, compared to its average volume of 338,213. The company has a market cap of $5.30 billion, a PE ratio of 52.35, a PEG ratio of 7.21 and a beta of 0.75. Companhia Paranaense de Energia has a twelve month low of $5.72 and a twelve month high of $9.34. The stock has a 50 day simple moving average of $8.84 and a 200-day simple moving average of $8.06. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.63.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.09). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $4.72 billion. Companhia Paranaense de Energia (COPEL) had a net margin of 12.77% and a return on equity of 11.15%. Equities research analysts anticipate that Companhia Paranaense de Energia will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia (COPEL) Company Profile

Companhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.

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