Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Short Interest Up 8.7% in September

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 82,700 shares, a growth of 8.7% from the September 15th total of 76,100 shares. Based on an average trading volume of 73,500 shares, the days-to-cover ratio is currently 1.1 days.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

NYSE EDN traded up $0.57 during midday trading on Thursday, hitting $23.19. The company had a trading volume of 73,422 shares, compared to its average volume of 78,224. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $21.02 and a two-hundred day simple moving average of $18.45. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a fifty-two week low of $10.06 and a fifty-two week high of $25.71. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 3.71 and a beta of 1.39.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $1.51. The company had revenue of $551.43 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 17.06% and a return on equity of 31.06%. During the same quarter in the previous year, the company posted ($0.48) earnings per share. Equities analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Large investors have recently added to or reduced their stakes in the company. Ping Capital Management Inc. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter valued at about $941,000. Helikon Investments Ltd increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 15.3% during the 1st quarter. Helikon Investments Ltd now owns 345,218 shares of the utilities provider’s stock valued at $6,107,000 after purchasing an additional 45,901 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 2,976 shares in the last quarter. Institutional investors and hedge funds own 1.64% of the company’s stock.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.