Short Interest in CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Rises By 24.7%

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 100,997 shares, an increase of 24.7% from the December 15th total of 80,997 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

CTT – Correios De Portugal Price Performance

CTTOF stock opened at $8.55 on Friday. The firm has a 50 day moving average of $8.43 and a two-hundred day moving average of $8.48. CTT – Correios De Portugal has a 12 month low of $4.57 and a 12 month high of $9.40.

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.