Engie Brasl Ega (OTCMKTS:EGIEY) Stock Short Interest Falls 79.7%

Engie Brasl Ega (OTCMKTS:EGIEY) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 20,314 shares, a drop of 79.7% from the October 15th total of 99,916 shares. Based on an average trading volume of 114,716 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Engie Brasl Ega Stock Down 1.9%

OTCMKTS EGIEY opened at $4.73 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.75. Engie Brasl Ega has a 52 week low of $4.61 and a 52 week high of $9.50. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 7.39 and a beta of 0.38. The company has a fifty day moving average of $5.77 and a two-hundred day moving average of $6.32.

Wall Street Analysts Forecast Growth

Separately, Zacks Research began coverage on Engie Brasl Ega in a research report on Wednesday, October 28th. They set a “hold” rating on the stock. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Engie Brasl Ega Company Profile

ENGIE Brasil Energia S.A. is a Brazilian electric power company that develops and operates power-generation facilities and sells electricity to customers and energy markets. Its portfolio includes renewable sources such as hydropower, wind, solar and biomass, as well as thermal generation. Based in Brazil, the company serves customers across the country and participates in electricity commercialization and related energy activities. It was formerly known as Tractebel Energia and adopted the ENGIE Brasil Energia name in 2016.