EDP - Energias de Portugal, S.A. (OTCMKTS:EDPFY) Sees Significant Drop in Short Interest

EDP - Energias de Portugal, S.A. (OTCMKTS:EDPFY - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 2,700 shares, a decrease of 70.7% from the April 30th total of 9,200 shares. Based on an average trading volume of 189,500 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, HSBC raised shares of EDP - Energias de Portugal to a "buy" rating in a research report on Friday, May 16th.

EDP - Energias de Portugal Stock Up 0.5%

Shares of EDP - Energias de Portugal stock traded up $0.19 on Friday, reaching $39.88. 12,657 shares of the company traded hands, compared to its average volume of 89,314. The company has a 50 day moving average of $36.81 and a 200 day moving average of $34.27. EDP - Energias de Portugal has a 52 week low of $29.88 and a 52 week high of $46.22.

EDP - Energias de Portugal Company Profile

EDP - Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.