Short Interest in CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Expands By 459.6%

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,405 shares, an increase of 459.6% from the April 30th total of 1,502 shares. Based on an average daily trading volume, of 73 shares, the short-interest ratio is currently 115.1 days.

CTT – Correios De Portugal Stock Performance

CTT – Correios De Portugal stock remained flat at $7.00 during mid-day trading on Thursday. CTT – Correios De Portugal has a twelve month low of $6.90 and a twelve month high of $9.40. The company’s 50 day moving average price is $7.24 and its 200-day moving average price is $8.00.

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.