Equatorial Energia S.A. (OTCMKTS:EQUEY) Short Interest Down 94.9% in May

Equatorial Energia S.A. (OTCMKTS:EQUEY) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 69 shares, a drop of 94.9% from the April 30th total of 1,347 shares. Based on an average trading volume of 798 shares, the short-interest ratio is currently 0.1 days.

Equatorial Energia Stock Down 1.2%

EQUEY traded down $0.09 during trading on Wednesday, hitting $7.67. The company’s stock had a trading volume of 377 shares, compared to its average volume of 4,199. Equatorial Energia has a one year low of $6.02 and a one year high of $9.59. The business’s 50 day simple moving average is $8.28 and its 200-day simple moving average is $7.74.

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.