Companhia Paranaense de Energia (NYSE:ELPC) Sees Large Growth in Short Interest

Companhia Paranaense de Energia (NYSE:ELPC) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 12,800 shares, an increase of 6.7% from the September 30th total of 12,000 shares. Based on an average daily trading volume, of 7,800 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 458,294 shares of the company’s stock after purchasing an additional 8,417 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 at the end of the most recent quarter.

Companhia Paranaense de Energia Stock Down 5.0 %

ELPC traded down $0.30 during trading on Friday, hitting $5.67. The company’s stock had a trading volume of 5,503 shares, compared to its average volume of 39,669. Companhia Paranaense de Energia has a one year low of $5.67 and a one year high of $8.25. The business’s 50 day simple moving average is $6.54 and its 200-day simple moving average is $6.43.

Companhia Paranaense de Energia (NYSE:ELPC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $1.05 billion for the quarter.

Companhia Paranaense de Energia Announces Dividend

The firm also recently announced a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.0641 per share. The ex-dividend date of this dividend is Wednesday, October 2nd.

About Companhia Paranaense de Energia

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services segments.