Centrais Eletricas Brasileiras SA (NYSE:EBR) was the target of a significant drop in short interest in December. As of December 29th, there was short interest totalling 573,777 shares, a drop of 43.2% from the December 15th total of 1,010,040 shares. Based on an average trading volume of 327,903 shares, the days-to-cover ratio is currently 1.7 days.
Shares of Centrais Eletricas Brasileiras (NYSE EBR) opened at $5.62 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.14 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $7,168.18, a PE ratio of -6.11 and a beta of 1.23. Centrais Eletricas Brasileiras has a twelve month low of $3.49 and a twelve month high of $7.38.
Centrais Eletricas Brasileiras (NYSE:EBR) last issued its quarterly earnings results on Tuesday, November 14th. The utilities provider reported $0.12 earnings per share for the quarter. Centrais Eletricas Brasileiras had a negative return on equity of 8.73% and a negative net margin of 9.94%.
Separately, Santander downgraded Centrais Eletricas Brasileiras from a “hold” rating to an “underweight” rating in a report on Friday, December 15th.
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Centrais Eletricas Brasileiras Company Profile
Centrais Eletricas Brasileiras SA (Eletrobras) is a power generation company. The Company operates in the generation, transmission, distribution and trading segments. The Company operates through various companies, including Eletrobras holding, CGTEE, Chesf, Eletronorte, Eletronuclear, Eletrosul, Furnas, Amazonas Energia, Distribuicao Acre, Distribuicao Alagoas, Distribuicao Piaui, Distribuicao Rondonia, Distribuicao Roraima and half the capital of Itaipu Binacional.
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