Short Interest in EDP Renováveis, S.A. (OTCMKTS:EDRVF) Expands By 108.6%

EDP Renováveis, S.A. (OTCMKTS:EDRVF) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 2,636,800 shares, a growth of 108.6% from the May 15th total of 1,263,900 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 13,184.0 days.

EDP Renováveis Stock Performance

Shares of EDP Renováveis stock opened at $10.62 on Monday. The company has a 50 day simple moving average of $9.42 and a two-hundred day simple moving average of $9.46. EDP Renováveis has a 1 year low of $7.87 and a 1 year high of $17.53.

About EDP Renováveis

EDP Renováveis, SA, a renewable energy company, plans, constructs, operates, and maintains electricity power stations. The company operates wind and solar farms. As of December 31, 2023, it had an installed capacity of 6,891 megawatts in the United States; 2,042 megawatts in Spain; 1,413 megawatts in Portugal; 1,165 megawatts in Brazil; 798 megawatts in Poland; 521 megawatts in Romania; 496 megawatts in Mexico; 427 megawatts in Canada; 412 megawatts in Italy; 402 megawatts in Vietnam; 315 megawatts in Singapore; 244 megawatts in France; 123 megawatts in China; 83 megawatts in Chile; 80 megawatts in Greece; 43 megawatts in Taiwan; 11 megawatts in Belgium; 9 megawatts in the Netherlands; 7 megawatts in Thailand; and 5 megawatts in the United Kingdom.