ENGIE BRASL EGA (OTCMKTS:EGIEY) Short Interest Update

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 large decline in short interest in 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 presently 0.9 days. Based on an average daily trading volume, of 27,900 shares, the short-interest ratio is presently 0.9 days.

ENGIE BRASL EGA Trading Down 0.7%

Shares of EGIEY stock traded down $0.05 during trading hours on Friday, hitting $7.57. The company's stock had a trading volume of 4,560 shares, compared to its average volume of 7,289. The business has a fifty day moving average of $7.67 and a 200-day moving average of $7.18. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.79. 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 released its quarterly earnings results on Friday, August 8th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The company had revenue of $544.70 million for the quarter, compared to analysts' expectations of $2.70 billion. ENGIE BRASL EGA had a return on equity of 24.42% and a net margin of 25.21%. On average, equities analysts expect that ENGIE BRASL EGA will post 0.52 EPS for the current fiscal year.

About ENGIE BRASL EGA

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.