Short Interest in Companhia Paranaense de Energia – COPEL (NYSE:ELP) Increases By 22.4%

Companhia Paranaense de Energia – COPEL (NYSE:ELP) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 764,400 shares, an increase of 22.4% from the December 31st total of 624,600 shares. Based on an average daily volume of 295,700 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.9% of the company’s shares are sold short.

Companhia Paranaense de Energia – COPEL Price Performance

NYSE ELP opened at $6.66 on Friday. The company has a 50-day simple moving average of $6.18 and a two-hundred day simple moving average of $6.86. Companhia Paranaense de Energia – COPEL has a 12-month low of $5.72 and a 12-month high of $8.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share for the quarter. The company had revenue of $1.03 billion during the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. As a group, equities analysts predict that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a $0.1441 dividend. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Companhia Paranaense de Energia – COPEL in the 4th quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Companhia Paranaense de Energia – COPEL during the third quarter worth about $34,000. GAMMA Investing LLC grew its stake in shares of Companhia Paranaense de Energia – COPEL by 61.2% in the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 2,043 shares during the last quarter. First Affirmative Financial Network purchased a new position in Companhia Paranaense de Energia – COPEL during the 4th quarter valued at about $64,000. Finally, Signaturefd LLC raised its position in Companhia Paranaense de Energia – COPEL by 12.6% during the 3rd quarter. Signaturefd LLC now owns 12,929 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 1,451 shares during the last quarter. 3.80% of the stock is currently owned by institutional investors.

Companhia Paranaense de Energia – COPEL Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.