Equatorial Energia S.A. (OTCMKTS:EQUEY) Shares Shorted: Short Interest Up 1,534.9% in October

Equatorial Energia S.A. (OTCMKTS:EQUEY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,060 shares, an increase of 1,534.9% from the September 30th total of 126 shares. Based on an average daily volume of 4,275 shares, the short-interest ratio is currently 0.5 days.

Equatorial Energia Trading Down 32.5%

OTCMKTS:EQUEY traded down $3.16 during midday trading on Monday, reaching $6.56. 43,703 shares of the company traded hands, compared to its average volume of 4,517. Equatorial Energia has a twelve month low of $6.21 and a twelve month high of $9.87. The company has a fifty day moving average price of $8.08 and a 200 day moving average price of $7.89.

About Equatorial Energia

Equatorial Energia SA is a Brazilian utility company engaged primarily in the distribution of electric power. Through regulated concessionaires, the company serves residential, commercial and industrial customers across several Brazilian states, including Maranhão, Pará, Piauí, Alagoas, Amapá, Goiás and Rio Grande do Sul.

The company’s operations include electricity distribution, power generation and transmission, as well as related infrastructure and utility services. Equatorial has also expanded into the sanitation sector, providing water and wastewater services through its regulated concessions.