Engie Brasl Ega (OTCMKTS:EGIEY) Sees Significant Drop in Short Interest

Engie Brasl Ega (OTCMKTS:EGIEY) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 40,917 shares, a decline of 41.6% from the August 15th total of 70,041 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 91,668 shares, the days-to-cover ratio is currently 0.4 days.

Engie Brasl Ega Trading Up 0.3%

OTCMKTS:EGIEY opened at $6.07 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75. The firm has a market cap of $6.93 billion, a PE ratio of 9.24 and a beta of 0.34. The stock has a fifty day moving average price of $5.90 and a 200 day moving average price of $6.45. Engie Brasl Ega has a 12-month low of $5.22 and a 12-month high of $9.50.

Engie Brasl Ega Company Profile

ENGIE Brasil Energia SA is a Brazilian power-generation company and a subsidiary of the global ENGIE Group. The company develops, constructs, owns and operates electricity-generation assets and sells energy to commercial, industrial and other customers in Brazil.

Its generation portfolio includes hydroelectric, wind, solar and thermal power projects, as well as facilities fueled by biomass. ENGIE Brasil Energia has also participated in the development and operation of energy infrastructure and related services, supporting Brazil’s electricity system and the transition toward a more diversified generation mix.

The company was established in 1998 as Tractebel Energia and adopted the ENGIE Brasil Energia name in 2016 following the rebranding of its controlling shareholder.