Energias de Portugal (OTCMKTS:EDPFY) Short Interest Up 281.8% in August

Key Points

• Energias de Portugal experienced a significant increase in short interest, rising 281.8% to 4,200 shares as of August 31st from 1,100 shares on August 15th.
• The stock price of EDPFY increased by 0.7%, reaching $45.11, with a notable trading volume of 7,567 shares during midday trading.
• Analysts have differing views on the stock, with Zacks downgrading it to "hold" while HSBC upgraded it to "buy," resulting in an overall average rating of "Moderate Buy."

Energias de Portugal (OTCMKTS:EDPFY - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 4,200 shares, an increase of 281.8% from the August 15th total of 1,100 shares. Based on an average daily volume of 17,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 17,000 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Energias de Portugal from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Energias de Portugal presently has an average rating of "Moderate Buy".

Energias de Portugal Stock Performance

Shares of EDPFY stock traded up $0.45 during mid-day trading on Wednesday, hitting $46.05. The company's stock had a trading volume of 12,913 shares, compared to its average volume of 8,581. The company's fifty day simple moving average is $44.21 and its 200-day simple moving average is $40.07. Energias de Portugal has a 52 week low of $29.88 and a 52 week high of $46.22.

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.