Energias de Portugal (OTCMKTS:EDPFY) Sees Large Decline in Short Interest

Energias de Portugal (OTCMKTS:EDPFY – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,160 shares, a decrease of 69.4% from the June 30th total of 10,323 shares. Based on an average trading volume of 47,245 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Energias de Portugal to a “strong-buy” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Energias de Portugal currently has an average rating of “Buy”.

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Energias de Portugal Stock Down 0.6%

Energias de Portugal stock opened at $52.36 on Friday. Energias de Portugal has a 52-week low of $42.31 and a 52-week high of $56.45. The company has a fifty day simple moving average of $51.48 and a 200-day simple moving average of $51.39.

Energias de Portugal Company Profile

(Get Free Report)

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.

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