Energias de Portugal (OTCMKTS:EDPFY) Short Interest Down 69.4% in July

Energias de Portugal (OTCMKTS:EDPFY) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 3,160 shares, a decline of 69.4% from the June 30th total of 10,323 shares. Based on an average daily volume of 47,245 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Energias de Portugal to a “strong-buy” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Energias de Portugal has an average rating of “Buy”.

Energias de Portugal Price Performance

Shares of OTCMKTS EDPFY opened at $52.36 on Friday. The firm has a fifty day moving average of $51.48 and a 200 day moving average of $51.39. Energias de Portugal has a one year low of $42.31 and a one year high of $56.45.

Energias de Portugal Company Profile

Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.