CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Sees Large Increase in Short Interest

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 16,532 shares, a growth of 138.5% from the July 30th total of 6,932 shares. Based on an average daily trading volume, of 186 shares, the days-to-cover ratio is presently 88.9 days.

CTT – Correios De Portugal Stock Performance

CTT – Correios De Portugal stock remained flat at $7.23 on Friday. CTT – Correios De Portugal has a 1-year low of $6.50 and a 1-year high of $8.72. The company has a fifty day simple moving average of $6.92 and a 200-day simple moving average of $7.30.

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.