Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Short Interest Up 93.5% in July

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 significant growth in short interest in July. As of July 31st, there was short interest totaling 810,300 shares, agrowthof93.5% from the July 15th total of 418,800 shares. Currently,0.2% of the shares of the stock are sold short. Based on an average daily volume of 272,200 shares, the days-to-cover ratio is currently 3.0 days. Based on an average daily volume of 272,200 shares, the days-to-cover ratio is currently 3.0 days. Currently,0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ELP. Hsbc Holdings PLC raised its position in Companhia Paranaense de Energia (COPEL) by 1.6% in the 4th quarter. Hsbc Holdings PLC now owns 89,438 shares of the utilities provider's stock worth $525,000 after purchasing an additional 1,407 shares during the last quarter. Signaturefd LLC increased its position in shares of Companhia Paranaense de Energia (COPEL) by 14.9% in the 2nd quarter. Signaturefd LLC now owns 15,509 shares of the utilities provider's stock valued at $142,000 after buying an additional 2,016 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Companhia Paranaense de Energia (COPEL) by 16.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 18,923 shares of the utilities provider's stock valued at $173,000 after buying an additional 2,621 shares in the last quarter. Ethic Inc. increased its position in shares of Companhia Paranaense de Energia (COPEL) by 7.4% in the 2nd quarter. Ethic Inc. now owns 39,022 shares of the utilities provider's stock valued at $348,000 after buying an additional 2,676 shares in the last quarter. Finally, Wealthstream Advisors Inc. increased its position in shares of Companhia Paranaense de Energia (COPEL) by 29.8% in the 2nd quarter. Wealthstream Advisors Inc. now owns 13,590 shares of the utilities provider's stock valued at $124,000 after buying an additional 3,119 shares in the last quarter. 3.80% of the stock is owned by institutional investors and hedge funds.

Companhia Paranaense de Energia (COPEL) Price Performance

NYSE ELP traded up $0.2050 during trading on Friday, reaching $8.9450. 34,240 shares of the company traded hands, compared to its average volume of 252,285. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 52.68, a P/E/G ratio of 7.12 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.13. Companhia Paranaense de Energia has a 1-year low of $5.72 and a 1-year high of $9.34. The stock's 50 day moving average price is $8.83 and its two-hundred day moving average price is $8.10.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $0.02 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 return on equity of 11.15% and a net margin of 12.77%. As a group, analysts anticipate that Companhia Paranaense de Energia will post 0.12 EPS for the current year.

About Companhia Paranaense de Energia (COPEL)

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.