Short Interest in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Decreases By 23.1%

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 176,962 shares, a decrease of 23.1% from the December 15th total of 230,103 shares. Based on an average daily volume of 75,575 shares, the short-interest ratio is currently 2.3 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 75,575 shares, the short-interest ratio is currently 2.3 days.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Performance

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock opened at $27.10 on Tuesday. The business has a 50-day moving average of $31.02 and a 200 day moving average of $25.99. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12 month low of $14.38 and a 12 month high of $40.64. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 6.48 and a beta of 1.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 0.86.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last issued its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $536.96 million for the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a net margin of 7.82% and a return on equity of 11.33%. As a group, sell-side analysts forecast that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) presently has an average rating of “Hold” and a consensus price target of $36.00.

Institutional Investors Weigh In On Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

A number of hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the second quarter worth $320,000. Jane Street Group LLC acquired a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the second quarter valued at $455,000. Tidal Investments LLC boosted its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 28.9% in the second quarter. Tidal Investments LLC now owns 18,496 shares of the utilities provider’s stock valued at $490,000 after purchasing an additional 4,152 shares during the period. Ping Capital Management Inc. boosted its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 7.9% in the second quarter. Ping Capital Management Inc. now owns 27,400 shares of the utilities provider’s stock valued at $726,000 after purchasing an additional 2,000 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 634.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 277,104 shares of the utilities provider’s stock worth $7,340,000 after purchasing an additional 239,379 shares in the last quarter. 1.64% of the stock is currently owned by institutional investors and hedge funds.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

Empresa Distribuidora y Comercializadora Norte SA (Edenor) is Argentina’s largest electricity distribution company by customer base and network extension. Established in 1992 as part of the country’s energy sector privatization, Edenor holds the exclusive concession to distribute and sell electricity in the northern and northwestern areas of Greater Buenos Aires. The company’s shares are listed on the New York Stock Exchange under the ticker symbol EDN, reflecting its role as a key participant in Argentina’s regulated power market.

Edenor’s primary business activity is the purchase of high-voltage electricity from generators and its subsequent transformation, distribution and retail sale to end users.