Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sees Significant Increase in Short Interest

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 54,800 shares, a growth of 110.8% from the March 15th total of 26,000 shares. Based on an average daily trading volume, of 76,700 shares, the days-to-cover ratio is currently 0.7 days.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

NYSE EDN traded up $0.04 on Thursday, hitting $18.44. 108,008 shares of the company were exchanged, compared to its average volume of 78,306. The firm has a 50 day moving average of $17.74 and a two-hundred day moving average of $16.18. The company has a market cap of $835.70 million, a P/E ratio of 4.90 and a beta of 1.43. The company has a current ratio of 0.65, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1-year low of $8.27 and a 1-year high of $21.80.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last issued its quarterly earnings results on Monday, March 11th. The utilities provider reported ($0.25) earnings per share (EPS) for the quarter. The company had revenue of $785.09 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 15.78% and a net margin of 8.22%. On average, equities analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current year.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter worth about $26,000. Autonomy Capital Jersey L.P. bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at about $78,000. Renaissance Technologies LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at about $432,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 14.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,529 shares of the utilities provider's stock valued at $894,000 after acquiring an additional 9,263 shares during the last quarter. Finally, Citigroup Inc. bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at about $1,179,000. 1.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "buy" rating to a "hold" rating in a report on Monday, March 18th.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.

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