Short Interest in Energias de Portugal (OTCMKTS:EDPFY) Declines By 36.4%

Energias de Portugal (OTCMKTS:EDPFY) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 11,648 shares, a decline of 36.4% from the July 30th total of 18,310 shares. Based on an average trading volume of 44,929 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Energias de Portugal to a “strong-buy” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

Energias de Portugal Trading Down 0.0%

Shares of EDPFY opened at $54.25 on Tuesday. Energias de Portugal has a 52 week low of $42.93 and a 52 week high of $56.45. The stock has a fifty day moving average of $52.22 and a 200-day moving average of $52.00.

About Energias de Portugal

Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.