Short Interest in Companhia Paranaense de Energia - COPEL (NYSE:ELP) Grows By 60.9%

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 964,100 shares, an increase of 60.9% from the March 15th total of 599,300 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 431,400 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of Companhia Paranaense de Energia - COPEL

Several institutional investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC grew its position in shares of Companhia Paranaense de Energia - COPEL by 3.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 35,252 shares of the utilities provider's stock worth $309,000 after purchasing an additional 1,144 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in Companhia Paranaense de Energia - COPEL by 5.8% during the fourth quarter. First Trust Direct Indexing L.P. now owns 25,389 shares of the utilities provider's stock valued at $215,000 after buying an additional 1,386 shares during the last quarter. Profund Advisors LLC boosted its stake in Companhia Paranaense de Energia - COPEL by 12.9% during the fourth quarter. Profund Advisors LLC now owns 13,317 shares of the utilities provider's stock valued at $113,000 after buying an additional 1,519 shares during the last quarter. Creative Planning boosted its stake in Companhia Paranaense de Energia - COPEL by 4.6% during the fourth quarter. Creative Planning now owns 37,907 shares of the utilities provider's stock valued at $321,000 after buying an additional 1,671 shares during the last quarter. Finally, Ronald Blue Trust Inc. boosted its stake in Companhia Paranaense de Energia - COPEL by 36.8% during the third quarter. Ronald Blue Trust Inc. now owns 6,318 shares of the utilities provider's stock valued at $54,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 3.80% of the company's stock.

Companhia Paranaense de Energia - COPEL Price Performance

Shares of NYSE:ELP traded down $0.04 during trading on Friday, hitting $7.24. 229,748 shares of the company's stock were exchanged, compared to its average volume of 441,532. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.47 and a quick ratio of 1.45. Companhia Paranaense de Energia - COPEL has a 52-week low of $5.59 and a 52-week high of $8.91. The business's 50-day simple moving average is $8.00 and its 200 day simple moving average is $7.67. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 2.65 and a beta of 0.92.

About Companhia Paranaense de Energia - COPEL

Companhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.