EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Sees Large Increase in Short Interest

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 94,300 shares, a growth of 94,200.0% from the December 15th total of 100 shares. Based on an average trading volume of 450,700 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

EDPFY has been the subject of several research analyst reports. Barclays downgraded shares of EDP – Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Sanford C. Bernstein raised EDP – Energias de Portugal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

EDP – Energias de Portugal Stock Performance

Shares of OTCMKTS:EDPFY opened at $31.77 on Wednesday. EDP – Energias de Portugal has a 12 month low of $30.33 and a 12 month high of $48.00. The business has a 50-day moving average of $34.08 and a two-hundred day moving average of $39.08.

EDP – Energias de Portugal Company Profile

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.