Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Short Interest Up 10.5% in December

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 5,590,000 shares, a growth of 10.5% from the December 15th total of 5,060,000 shares. Based on an average trading volume of 1,450,000 shares, the short-interest ratio is presently 3.9 days.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EBR. StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th. Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research note on Tuesday, October 15th.

Hedge Funds Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 3rd quarter worth $433,000. Main Management ETF Advisors LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 3rd quarter valued at $926,000. Jane Street Group LLC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 42.4% in the 3rd quarter. Jane Street Group LLC now owns 62,646 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 18,639 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% during the 3rd quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock worth $159,000 after buying an additional 7,843 shares during the period. Finally, Centiva Capital LP lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 447.8% during the third quarter. Centiva Capital LP now owns 65,477 shares of the utilities provider’s stock valued at $473,000 after buying an additional 53,524 shares in the last quarter. Institutional investors own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 1.1 %

EBR traded up $0.07 during trading hours on Monday, hitting $5.79. 1,452,317 shares of the stock were exchanged, compared to its average volume of 1,921,075. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $5.45 and a 12 month high of $9.11. The stock has a 50-day simple moving average of $5.88 and a 200-day simple moving average of $6.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th will be issued a dividend of $0.1414 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a dividend yield of 1%.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.