Energias de Portugal (OTCMKTS:EDPFY) Sees Significant Growth in Short Interest

Energias de Portugal (OTCMKTS:EDPFY) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 18,310 shares, a growth of 479.4% from the July 15th total of 3,160 shares. Based on an average daily volume of 43,195 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

Energias de Portugal Price Performance

EDPFY opened at $52.38 on Wednesday. The business’s fifty day simple moving average is $51.50 and its 200 day simple moving average is $51.74. Energias de Portugal has a 52 week low of $42.65 and a 52 week high of $56.45.

Energias de Portugal Company Profile

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.