Short Interest in Engie Brasl Ega (OTCMKTS:EGIEY) Declines By 38.8%

Engie Brasl Ega (OTCMKTS:EGIEY) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 109,373 shares, a decline of 38.8% from the May 31st total of 178,582 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 103,069 shares, the days-to-cover ratio is presently 1.1 days.

Engie Brasl Ega Price Performance

Shares of EGIEY stock traded down $0.07 during trading hours on Thursday, hitting $6.28. 39,443 shares of the company’s stock were exchanged, compared to its average volume of 49,736. Engie Brasl Ega has a fifty-two week low of $5.05 and a fifty-two week high of $9.50. The firm has a market cap of $7.17 billion, a P/E ratio of 15.48 and a beta of 0.31. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.92. The firm has a 50 day moving average of $6.92 and a two-hundred day moving average of $6.54.

Engie Brasl Ega (OTCMKTS:EGIEY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $634.73 million during the quarter, compared to analyst estimates of $590.42 million. Engie Brasl Ega had a net margin of 19.40% and a return on equity of 19.64%.

About Engie Brasl Ega

Engie Brasil Energia SA is a leading independent power producer in Brazil, focusing on the generation, sale and commercialization of electricity. The company’s diversified portfolio includes hydroelectric plants, gas-fired and biomass-fueled thermal facilities, as well as onshore wind farms and solar installations. Through a mix of long-term power purchase agreements and spot market transactions, Engie Brasil serves both regulated and free-market customers, including industrial, commercial and residential consumers.

Beyond core electricity generation, Engie Brasil offers a suite of energy solutions and services such as plant operation and maintenance, technical consulting, and energy efficiency programs.