Equatorial Energia S.A. (OTCMKTS:EQUEY) Sees Significant Decline in Short Interest

Equatorial Energia S.A. (OTCMKTS:EQUEY) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,797 shares, a decrease of 23.5% from the November 30th total of 2,348 shares. Based on an average daily volume of 1,418 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 1,418 shares, the days-to-cover ratio is presently 1.3 days.

Equatorial Energia Trading Up 3.7%

Shares of Equatorial Energia stock opened at $7.03 on Tuesday. The stock has a fifty day simple moving average of $7.00 and a 200 day simple moving average of $6.73. Equatorial Energia has a 12-month low of $4.03 and a 12-month high of $7.79.

Equatorial Energia Company Profile

Equatorial Energia SA, trading on the OTC market under the symbol EQUEY, is a Brazilian energy holding company headquartered in São Luís, Maranhão. Founded in 1998, the company has grown through strategic acquisitions and concession awards to become one of the leading electricity distributors in northern Brazil. Its core business encompasses the distribution of electric power, which represents the bulk of its operations.

Equatorial’s distribution network serves over eight million customers across eight Brazilian states, including Maranhão, Pará, Piauí and Amazonas.