Short Interest in Companhia Paranaense de Energia (NYSE:ELPC) Drops By 15.5%

Companhia Paranaense de Energia (NYSE:ELPC) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 10,900 shares, a drop of 15.5% from the February 13th total of 12,900 shares. Based on an average daily volume of 4,700 shares, the short-interest ratio is presently 2.3 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds 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 32.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,091 shares of the company’s stock after purchasing an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Companhia Paranaense de Energia Price Performance

NYSE ELPC traded down $0.01 on Wednesday, hitting $6.72. The stock had a trading volume of 18,984 shares, compared to its average volume of 19,216. Companhia Paranaense de Energia has a 52-week low of $5.04 and a 52-week high of $7.21. The business’s fifty day moving average price is $5.93 and its 200 day moving average price is $5.99. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 9.60 and a beta of 0.34.

Companhia Paranaense de Energia (NYSE:ELPC) last released its earnings results on Friday, February 28th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $1.03 billion for the quarter.

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.