Energias de Portugal (OTCMKTS:EDPFY) Sees Significant Drop in Short Interest

Energias de Portugal (OTCMKTS:EDPFY) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 11,648 shares, a decline of 36.4% from the July 30th total of 18,310 shares. Based on an average trading volume of 44,929 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Energias de Portugal Stock Up 0.5%

Shares of EDPFY opened at $54.53 on Wednesday. The company has a 50 day moving average price of $52.30 and a 200-day moving average price of $52.01. Energias de Portugal has a fifty-two week low of $42.93 and a fifty-two week high of $56.45.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Energias de Portugal to a “strong-buy” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Energias de Portugal Company Profile

Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.