Short Interest in Energias de Portugal (OTCMKTS:EDPFY) Grows By 479.4%

Energias de Portugal (OTCMKTS:EDPFY) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 18,310 shares, an increase of 479.4% from the July 15th total of 3,160 shares. Based on an average trading volume of 43,195 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Energias de Portugal Price Performance

OTCMKTS EDPFY opened at $52.68 on Friday. Energias de Portugal has a 52-week low of $42.93 and a 52-week high of $56.45. The business’s 50-day moving average price is $51.56 and its 200 day moving average price is $51.78.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Energias de Portugal to a “strong-buy” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Energias de Portugal presently has a consensus rating of “Buy”.

About Energias de Portugal

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.