Energias de Portugal (OTCMKTS:EDPFY) Stock Short Interest Falls 82.5%

Energias de Portugal (OTCMKTS:EDPFY) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 4,835 shares, a decrease of 82.5% from the October 15th total of 27,624 shares. Based on an average daily trading volume, of 41,808 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Energias de Portugal Stock Performance

EDPFY opened at $55.70 on Friday. The company has a fifty day moving average price of $54.57 and a 200-day moving average price of $52.63. Energias de Portugal has a one year low of $43.06 and a one year high of $58.23.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Energias de Portugal Company Profile

Energias de Portugal, commonly known as EDP, is a Portugal-based energy company headquartered in Lisbon. Founded in 1976, it has grown from a domestic electricity provider into an international utility with operations across Europe, North America and South America. EDP generates electricity from renewable and conventional sources, including wind, solar, hydropower and natural gas. The company also operates electricity networks and supplies energy and related services to residential, commercial and industrial customers.