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 growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,200 shares, a growth 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 currently 0.2 days. Based on an average daily volume of 17,000 shares, the short-interest ratio is currently 0.2 days.

Energias de Portugal Stock Up 0.2%

OTCMKTS EDPFY traded up $0.07 during trading on Tuesday, hitting $45.59. The company had a trading volume of 9,242 shares, compared to its average volume of 8,581. Energias de Portugal has a one year low of $29.88 and a one year high of $46.22. The company's fifty day moving average is $44.19 and its 200-day moving average is $40.03.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Energias de Portugal from a "strong-buy" rating to a "hold" rating in a 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 assigned a Hold rating to the company. According to MarketBeat.com, Energias de Portugal presently has an average rating of "Moderate Buy".

About Energias de Portugal

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.