Short Interest in Energias de Portugal (OTCMKTS:EDPFY) Increases By 1,335.6%

Energias de Portugal (OTCMKTS:EDPFY) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 111,442 shares, an increase of 1,335.6% from the February 12th total of 7,763 shares. Based on an average daily trading volume, of 86,359 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 86,359 shares, the short-interest ratio is currently 1.3 days.

Analysts Set New Price Targets

Separately, Zacks Research cut Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Energias de Portugal Stock Up 2.2%

Shares of EDPFY stock opened at $49.99 on Wednesday. Energias de Portugal has a one year low of $31.55 and a one year high of $53.75. The stock has a fifty day moving average price of $50.01 and a 200 day moving average price of $47.62.

Energias de Portugal Company Profile

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.