Short Interest in Companhia Paranaense de Energia – COPEL (NYSE:ELP) Decreases By 36.2%

Companhia Paranaense de Energia – COPEL (NYSE:ELP) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 370,000 shares, a decrease of 36.2% from the January 31st total of 580,300 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 293,300 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its holdings in Companhia Paranaense de Energia – COPEL by 1.6% in the 4th quarter. Hsbc Holdings PLC now owns 89,438 shares of the utilities provider’s stock worth $525,000 after buying an additional 1,407 shares during the period. Ballentine Partners LLC boosted its holdings in Companhia Paranaense de Energia – COPEL by 18.3% in the 4th quarter. Ballentine Partners LLC now owns 20,268 shares of the utilities provider’s stock worth $120,000 after buying an additional 3,140 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Companhia Paranaense de Energia – COPEL by 78.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock worth $52,000 after buying an additional 3,849 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Companhia Paranaense de Energia – COPEL in the 3rd quarter worth approximately $34,000. Finally, R Squared Ltd bought a new position in Companhia Paranaense de Energia – COPEL in the 4th quarter worth approximately $31,000. 3.80% of the stock is owned by institutional investors.

Companhia Paranaense de Energia – COPEL Price Performance

ELP stock opened at $6.65 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. Companhia Paranaense de Energia – COPEL has a 1 year low of $5.72 and a 1 year high of $8.30. The stock has a market capitalization of $3.64 billion, a PE ratio of 9.93 and a beta of 1.00. The company’s 50-day moving average is $6.43 and its 200-day moving average is $6.82.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $657.55 million. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. Equities research analysts expect that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current fiscal year.

About Companhia Paranaense de Energia – COPEL

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.