EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Short Interest Update

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,700 shares, a growth of 142.9% from the December 15th total of 700 shares. Based on an average trading volume of 54,700 shares, the days-to-cover ratio is presently 0.0 days.

Shares of OTCMKTS:EDPFY opened at $51.65 on Friday. The firm’s 50-day simple moving average is $54.09 and its 200-day simple moving average is $54.51. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 0.96. EDP – Energias de Portugal has a fifty-two week low of $50.74 and a fifty-two week high of $65.45.

Several equities research analysts recently commented on EDPFY shares. The Goldman Sachs Group lowered shares of EDP – Energias de Portugal from a “conviction-buy” rating to a “buy” rating in a research note on Monday, January 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of EDP – Energias de Portugal in a research note on Thursday, December 2nd. JPMorgan Chase & Co. restated an “overweight” rating on shares of EDP – Energias de Portugal in a research note on Monday, October 4th. Royal Bank of Canada restated an “outperform” rating on shares of EDP – Energias de Portugal in a research note on Monday, October 4th. Finally, HSBC upgraded shares of EDP – Energias de Portugal from a “hold” rating to a “buy” rating in a research note on Monday, November 15th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $56.46.

About EDP – Energias de Portugal

EDP-Energias de Portugal SA engages in the provision of electricity generation, supply and distribution. It operates through the following three segments: Renewables, Networks and Client Solutions & Energy Management. The Renewables segment engages in generation of electricity through renewable energy sources.

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