EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Sees Significant Decline in Short Interest

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 1,900 shares, a decrease of 42.4% from the January 31st total of 3,300 shares. Based on an average daily trading volume, of 205,200 shares, the short-interest ratio is currently 0.0 days.

EDP – Energias de Portugal Stock Up 1.3 %

Shares of OTCMKTS EDPFY traded up $0.40 during midday trading on Friday, hitting $32.39. The company had a trading volume of 43,293 shares, compared to its average volume of 156,338. EDP – Energias de Portugal has a twelve month low of $29.88 and a twelve month high of $46.22. The business has a 50-day simple moving average of $31.67 and a two-hundred day simple moving average of $37.10.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Sanford C. Bernstein raised EDP – Energias de Portugal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 20th. Barclays downgraded EDP – Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th.

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.