Short Interest in CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Expands By 138.5%

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 16,532 shares, an increase of 138.5% from the July 30th total of 6,932 shares. Based on an average trading volume of 186 shares, the short-interest ratio is currently 88.9 days.

CTT – Correios De Portugal Price Performance

CTTOF opened at $7.23 on Friday. The stock has a fifty day moving average price of $6.92 and a 200 day moving average price of $7.30. CTT – Correios De Portugal has a 1 year low of $6.50 and a 1 year high of $8.72.

About CTT – Correios De Portugal

CTT – Correios de Portugal, SA is the national postal operator of Portugal, offering a comprehensive range of mail and parcel delivery services to individual and corporate customers. The company’s core activities include the collection, sorting and distribution of letters, direct mail and parcels both domestically and through an extensive international network. CTT also provides express courier solutions, specialized logistics for e-commerce, and value-added services such as registered mail and postal insurance.

In addition to its traditional postal operations, CTT has expanded into financial services under the brand “Banco CTT,” offering savings accounts, payment cards, transfers and money-remittance services.