Short Interest in EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Decreases By 30.3%

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 22,500 shares, a drop of 30.3% from the February 28th total of 32,300 shares. Based on an average daily volume of 88,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of EDP – Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th.

EDP – Energias de Portugal Trading Up 2.0 %

EDP – Energias de Portugal stock traded up $0.69 during midday trading on Friday, reaching $34.56. The company had a trading volume of 51,011 shares, compared to its average volume of 117,037. The firm’s fifty day simple moving average is $32.21 and its 200-day simple moving average is $35.87. EDP – Energias de Portugal has a 12-month low of $29.88 and a 12-month high of $46.22.

EDP – Energias de Portugal Company Profile

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.