Engie Brasl Ega (OTCMKTS:EGIEY) Sees Significant Increase in Short Interest

Engie Brasl Ega (OTCMKTS:EGIEY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 178,582 shares, a growth of 211.8% from the May 14th total of 57,274 shares. Based on an average trading volume of 153,439 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are short sold.

Engie Brasl Ega Stock Up 3.1%

Engie Brasl Ega stock traded up $0.21 during mid-day trading on Friday, hitting $7.05. The company had a trading volume of 21,733 shares, compared to its average volume of 67,121. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.92. The stock’s 50 day moving average price is $7.03 and its two-hundred day moving average price is $6.60. Engie Brasl Ega has a 12 month low of $5.05 and a 12 month high of $9.50. The company has a market capitalization of $8.05 billion, a PE ratio of 17.38 and a beta of 0.32.

Engie Brasl Ega (OTCMKTS:EGIEY) last released its earnings results on Thursday, May 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). Engie Brasl Ega had a return on equity of 19.64% and a net margin of 19.40%.The company had revenue of $634.73 million during the quarter, compared to the consensus estimate of $590.42 million.

Engie Brasl Ega Company Profile

Engie Brasil Energia SA is a leading independent power producer in Brazil, focusing on the generation, sale and commercialization of electricity. The company’s diversified portfolio includes hydroelectric plants, gas-fired and biomass-fueled thermal facilities, as well as onshore wind farms and solar installations. Through a mix of long-term power purchase agreements and spot market transactions, Engie Brasil serves both regulated and free-market customers, including industrial, commercial and residential consumers.

Beyond core electricity generation, Engie Brasil offers a suite of energy solutions and services such as plant operation and maintenance, technical consulting, and energy efficiency programs.