Short Interest in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Expands By 27.7%

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 72,000 shares, an increase of 27.7% from the May 31st total of 56,400 shares. Based on an average trading volume of 89,400 shares, the short-interest ratio is presently 0.8 days.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

NYSE:EDN opened at $14.96 on Tuesday. The stock has a market cap of $677.99 million, a P/E ratio of 2.36 and a beta of 1.52. The firm’s fifty day simple moving average is $17.40 and its 200 day simple moving average is $17.92. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a twelve month low of $10.06 and a twelve month high of $21.80. The company has a quick ratio of 0.67, a current ratio of 0.79 and a debt-to-equity ratio of 0.18.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last announced its quarterly earnings data on Friday, May 10th. The utilities provider reported $1.39 EPS for the quarter. The business had revenue of $331.11 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 25.90% and a net margin of 14.11%. As a group, research analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current year.

Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock valued at $56,000 after buying an additional 2,976 shares during the period. Autonomy Capital Jersey L.P. purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at $78,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider’s stock valued at $2,093,000 after buying an additional 33,510 shares during the period. Finally, Helikon Investments Ltd lifted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 10.1% during the fourth quarter. Helikon Investments Ltd now owns 299,317 shares of the utilities provider’s stock valued at $5,798,000 after buying an additional 27,578 shares during the period. Hedge funds and other institutional investors own 1.64% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.