Short Interest in Engie Brasl Ega (OTCMKTS:EGIEY) Increases By 115.9%

Engie Brasl Ega (OTCMKTS:EGIEY) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 47,867 shares, a growth of 115.9% from the July 15th total of 22,166 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 78,710 shares, the days-to-cover ratio is presently 0.6 days.

Engie Brasl Ega Stock Performance

Shares of Engie Brasl Ega stock opened at $5.43 on Friday. The business has a 50-day simple moving average of $6.29 and a 200-day simple moving average of $6.57. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.54 and a current ratio of 1.54. Engie Brasl Ega has a one year low of $5.05 and a one year high of $9.50. The company has a market cap of $6.20 billion, a PE ratio of 8.26 and a beta of 0.33.

About Engie Brasl Ega

Engie Brasil Energia SA is a leading independent power producer in Brazil, focusing on the generation, sale and commercialization of electricity. The company’s diversified portfolio includes hydroelectric plants, gas-fired and biomass-fueled thermal facilities, as well as onshore wind farms and solar installations. Through a mix of long-term power purchase agreements and spot market transactions, Engie Brasil serves both regulated and free-market customers, including industrial, commercial and residential consumers.

Beyond core electricity generation, Engie Brasil offers a suite of energy solutions and services such as plant operation and maintenance, technical consulting, and energy efficiency programs.