ENGIE BRASL EGA (OTCMKTS:EGIEY) Short Interest Down 35.3% in July

Key Points

• Engie Brasil Ega (OTCMKTS:EGIEY) experienced a significant 35.3% reduction in short interest from July 15th to July 31st, dropping to 24,400 shares.
• In its latest earnings report, the company posted $0.12 EPS, falling short of analysts' expectations of $0.15, alongside revenue of $544.70 million against an estimate of $2.70 billion.
• The stock currently trades at $7.39, with a market cap of $6.03 billion and P/E ratio of 11.73, showing a relatively stable performance against its one-year price range of $5.54 to $8.86.

ENGIE BRASL EGA (OTCMKTS:EGIEY - Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 24,400 shares, adeclineof35.3% from the July 15th total of 37,700 shares. Based on an average daily trading volume, of 27,900 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 27,900 shares, the short-interest ratio is currently 0.9 days.

ENGIE BRASL EGA Stock Performance

Shares of OTCMKTS EGIEY traded down $0.05 during midday trading on Friday, hitting $7.57. 4,560 shares of the company's stock were exchanged, compared to its average volume of 7,289. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.27 and a current ratio of 1.27. The stock's 50 day moving average price is $7.67 and its 200-day moving average price is $7.18. ENGIE BRASL EGA has a twelve month low of $5.54 and a twelve month high of $8.86.

ENGIE BRASL EGA (OTCMKTS:EGIEY - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.03). The business had revenue of $544.70 million for the quarter, compared to analyst estimates of $2.70 billion. ENGIE BRASL EGA had a return on equity of 24.42% and a net margin of 25.21%. As a group, equities analysts anticipate that ENGIE BRASL EGA will post 0.52 earnings per share for the current fiscal year.

ENGIE BRASL EGA Company Profile

Engie Brasil Energia SA, together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants.