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 April. As of April 30th, there was short interest totalling 57,700 shares, a growth of 146.6% from the April 15th total of 23,400 shares. Based on an average trading volume of 83,600 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Separately, StockNews.com cut Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "buy" rating to a "hold" rating in a research note on Monday, March 18th.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

Shares of EDN stock traded up $0.13 on Friday, hitting $20.18. 61,805 shares of the company's stock were exchanged, compared to its average volume of 77,280. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.65 and a quick ratio of 0.54. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12 month low of $8.40 and a 12 month high of $21.80. The stock has a market cap of $914.56 million, a P/E ratio of 5.37 and a beta of 1.46. The company has a 50 day moving average of $17.51 and a 200 day moving average of $17.06.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last announced its quarterly earnings data on Monday, March 11th. The utilities provider reported ($0.25) earnings per share for the quarter. The business 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 research analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current year.

Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Large investors have recently bought and sold shares of the company. Helikon Investments Ltd raised its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 133.1% during the third quarter. Helikon Investments Ltd now owns 271,739 shares of the utilities provider's stock worth $3,261,000 after acquiring an additional 155,145 shares during the last quarter. Citigroup Inc. bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth about $1,179,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider's stock worth $2,093,000 after acquiring an additional 33,510 shares during the last quarter. Autonomy Capital Jersey L.P. bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth about $78,000. Finally, BNP Paribas Financial Markets raised its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider's stock worth $56,000 after acquiring an additional 2,976 shares during the last quarter. 1.64% of the stock is currently owned by institutional investors.

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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