Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 9,400 shares, a decrease of 20.3% from the April 30th total of 11,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 14,500 shares, the short-interest ratio is presently 0.6 days.
Companhia Paranaense de Energia Price Performance
Shares of NYSE:ELPC remained flat at $8.16 on Thursday. 2,204 shares of the stock were exchanged, compared to its average volume of 14,298. The business has a 50-day moving average price of $7.31 and a 200-day moving average price of $6.34. Companhia Paranaense de Energia has a 1-year low of $5.04 and a 1-year high of $8.24. The company has a market cap of $8.73 billion, a PE ratio of 11.66 and a beta of -0.45.
Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm 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 given a dividend of $0.1172 per share. The ex-dividend date was Monday, April 28th. This represents a yield of 5.5%. Companhia Paranaense de Energia's payout ratio is currently 50.00%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda boosted its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,091 shares of the company's stock after buying an additional 16,780 shares during the quarter. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.
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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