Short Interest in EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Expands By 94,200.0%

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 94,300 shares, a growth of 94,200.0% from the December 31st total of 100 shares. Based on an average trading volume of 450,700 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EDPFY. Barclays cut EDP – Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th. Sanford C. Bernstein raised EDP – Energias de Portugal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

EDP – Energias de Portugal Price Performance

Shares of EDP – Energias de Portugal stock traded up $0.47 during trading on Tuesday, reaching $30.94. 141,519 shares of the company’s stock were exchanged, compared to its average volume of 211,755. EDP – Energias de Portugal has a 1-year low of $30.31 and a 1-year high of $46.22. The firm’s 50-day moving average price is $33.36 and its 200 day moving average price is $38.69.

About EDP – Energias de Portugal

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.