Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 9,400 shares, a decline of 20.3% from the April 30th total of 11,800 shares. Based on an average daily volume of 14,500 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the company's stock are sold short.
Companhia Paranaense de Energia Trading Up 1.1%
Shares of NYSE ELPC traded up $0.09 during midday trading on Tuesday, hitting $8.19. The company's stock had a trading volume of 2,241 shares, compared to its average volume of 14,351. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 11.70 and a beta of -0.45. The stock has a fifty day moving average price of $7.25 and a 200 day moving average price of $6.31. Companhia Paranaense de Energia has a one year low of $5.04 and a one year high of $8.24.
Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $1 billion for the quarter.
Companhia Paranaense de Energia Cuts Dividend
The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th were issued a $0.1172 dividend. This represents a yield of 5.5%. The ex-dividend date of this dividend was Monday, April 28th. Companhia Paranaense de Energia's dividend payout ratio (DPR) is 50.00%.
Hedge Funds Weigh In On Companhia Paranaense de Energia
An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda raised its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,091 shares of the company's stock after buying an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $355,000 at the end of the most recent quarter.
About Companhia Paranaense de Energia
(
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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, GAS, Power Sale, and Holding and Services segments.
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