Short Interest in Engie Brasl Ega (OTCMKTS:EGIEY) Increases By 115.9%

Engie Brasl Ega (OTCMKTS:EGIEY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 47,867 shares, an increase of 115.9% from the July 15th total of 22,166 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 78,710 shares, the days-to-cover ratio is currently 0.6 days.

Engie Brasl Ega Stock Performance

OTCMKTS:EGIEY opened at $5.43 on Friday. The company has a fifty day simple moving average of $6.29 and a two-hundred day simple moving average of $6.57. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 8.26 and a beta of 0.33. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.92. Engie Brasl Ega has a 52 week low of $5.05 and a 52 week high of $9.50.

About Engie Brasl Ega

Engie Brasil Energia SA is a leading independent power producer in Brazil, focusing on the generation, sale and commercialization of electricity. The company’s diversified portfolio includes hydroelectric plants, gas-fired and biomass-fueled thermal facilities, as well as onshore wind farms and solar installations. Through a mix of long-term power purchase agreements and spot market transactions, Engie Brasil serves both regulated and free-market customers, including industrial, commercial and residential consumers.

Beyond core electricity generation, Engie Brasil offers a suite of energy solutions and services such as plant operation and maintenance, technical consulting, and energy efficiency programs.