Companhia Paranaense de Energia - COPEL (NYSE:ELP) Short Interest Up 66.0% in April

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 958,600 shares, a growth of 66.0% from the April 15th total of 577,600 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 300,900 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Trading of Companhia Paranaense de Energia - COPEL

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in shares of Companhia Paranaense de Energia - COPEL in the fourth quarter worth about $25,163,000. SPX Gestao de Recursos Ltda grew its holdings in shares of Companhia Paranaense de Energia - COPEL by 19.2% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,805,325 shares of the utilities provider's stock valued at $15,309,000 after purchasing an additional 291,177 shares in the last quarter. Optiver Holding B.V. increased its position in Companhia Paranaense de Energia - COPEL by 167.2% in the third quarter. Optiver Holding B.V. now owns 818,974 shares of the utilities provider's stock worth $7,182,000 after purchasing an additional 512,488 shares during the last quarter. Dorsey Wright & Associates purchased a new stake in Companhia Paranaense de Energia - COPEL during the fourth quarter valued at $1,095,000. Finally, Capital Wealth Planning LLC bought a new position in Companhia Paranaense de Energia - COPEL during the fourth quarter valued at $1,035,000. Institutional investors own 3.80% of the company's stock.

Companhia Paranaense de Energia - COPEL Trading Down 1.1 %

NYSE:ELP traded down $0.08 during trading hours on Friday, hitting $7.07. 238,602 shares of the stock traded hands, compared to its average volume of 255,429. The stock has a 50 day moving average price of $7.59 and a 200 day moving average price of $7.77. 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 1 year low of $5.59 and a 1 year high of $8.91.

Companhia Paranaense de Energia - COPEL Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Monday, July 8th. Investors of record on Friday, May 3rd will be given a dividend of $0.031 per share. The ex-dividend date of this dividend is Thursday, May 2nd.

Companhia Paranaense de Energia - COPEL Company Profile

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.