Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Shares Shorted: Short Interest Up 62.7% in September

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 999,219 shares, a growth of 62.7% from the September 15th total of 614,318 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 523,626 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ELPC. Wall Street Zen lowered shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.40.

Get Our Latest Stock Report on Companhia Paranaense de Energia – Copel

Institutional Trading of Companhia Paranaense de Energia – Copel

Several hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its position in shares of Companhia Paranaense de Energia – Copel by 10.6% during the 1st quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock valued at $133,000 after acquiring an additional 1,068 shares during the period. Syon Capital LLC raised its holdings in shares of Companhia Paranaense de Energia – Copel by 6.0% in the 2nd quarter. Syon Capital LLC now owns 21,549 shares of the company’s stock worth $251,000 after purchasing an additional 1,227 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Companhia Paranaense de Energia – Copel by 23.0% in the first quarter. EverSource Wealth Advisors LLC now owns 7,373 shares of the company’s stock valued at $88,000 after purchasing an additional 1,379 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Companhia Paranaense de Energia – Copel by 13.6% in the second quarter. QRG Capital Management Inc. now owns 14,961 shares of the company’s stock valued at $174,000 after purchasing an additional 1,786 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Companhia Paranaense de Energia – Copel by 22.3% in the second quarter. GAMMA Investing LLC now owns 14,186 shares of the company’s stock valued at $165,000 after purchasing an additional 2,586 shares during the last quarter.

Companhia Paranaense de Energia – Copel Price Performance

Shares of NYSE:ELPC opened at $13.64 on Friday. Companhia Paranaense de Energia – Copel has a 1 year low of $8.51 and a 1 year high of $14.51. The company has a market capitalization of $10.16 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.69 and a beta of -0.11. The business has a fifty day moving average price of $12.19 and a two-hundred day moving average price of $12.08.

Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Sell-side analysts anticipate that Companhia Paranaense de Energia – Copel will post 0.82 earnings per share for the current year.

Companhia Paranaense de Energia – Copel Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, October 13th. Investors of record on Friday, May 1st were issued a dividend of $0.1904 per share. The ex-dividend date was Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is 85.71%.

Companhia Paranaense de Energia – Copel Company Profile

(Get Free Report)

Companhia Paranaense de Energia, known as Copel, is a Brazilian energy and infrastructure company headquartered in Curitiba, Paraná. Founded in 1954, the company operates primarily in the electricity sector and serves customers in the state of Paraná and other parts of Brazil through its portfolio of energy-related businesses.

Copel’s main activities include the generation, transmission, distribution and sale of electricity. Its generation portfolio includes hydroelectric and wind power assets, while its transmission and distribution operations support the delivery of electricity to residential, commercial and industrial customers.

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