Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Short Interest Down 33.6% in February

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 212,000 shares, a drop of 33.6% from the February 13th total of 319,100 shares. Based on an average daily volume of 241,300 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the shares of the stock are sold short.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 4.0 %

EDN stock traded up $1.27 during trading on Friday, hitting $33.09. The company had a trading volume of 96,381 shares, compared to its average volume of 139,266. The firm has a market capitalization of $1.50 billion, a P/E ratio of 6.44 and a beta of 1.38. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 52-week low of $13.78 and a 52-week high of $51.69. The company has a 50 day simple moving average of $36.94 and a 200-day simple moving average of $33.18. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 677 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at about $101,000. Jane Street Group LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at about $207,000. NewEdge Advisors LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at about $257,000. Finally, Voloridge Investment Management LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at about $258,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

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.