Equatorial Energia S.A. (OTCMKTS:EQUEY – Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 69 shares, a decline of 94.9% from the April 30th total of 1,347 shares. Based on an average trading volume of 798 shares, the days-to-cover ratio is presently 0.1 days.
Equatorial Energia Stock Performance
EQUEY stock remained flat at $7.67 during trading hours on Thursday. The company’s stock had a trading volume of 377 shares, compared to its average volume of 4,199. The firm’s 50 day simple moving average is $8.28 and its 200-day simple moving average is $7.74. Equatorial Energia has a 52-week low of $6.02 and a 52-week high of $9.59.
About Equatorial Energia
Equatorial Energia SA, trading on the OTC market under the symbol EQUEY, is a Brazilian energy holding company headquartered in São Luís, Maranhão. Founded in 1998, the company has grown through strategic acquisitions and concession awards to become one of the leading electricity distributors in northern Brazil. Its core business encompasses the distribution of electric power, which represents the bulk of its operations.
Equatorial’s distribution network serves over eight million customers across eight Brazilian states, including Maranhão, Pará, Piauí and Amazonas.
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