Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Stock Short Interest Report for October

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 383,164 shares, a decline of 44.4% from the September 30th total of 689,099 shares. Based on an average trading volume of 233,213 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.8% of the shares of the stock are short sold.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Performance

Shares of NYSE EDN opened at $15.18 on Tuesday. The stock’s fifty day simple moving average is $21.45 and its 200 day simple moving average is $25.31. The stock has a market capitalization of $686.74 million, a price-to-earnings ratio of 4.06 and a beta of 1.35. The company has a quick ratio of 1.28, a current ratio of 1.46 and a debt-to-equity ratio of 0.49. Empresa Distribuidora Y Comercializadora Norte S.A. has a 52-week low of $15.00 and a 52-week high of $36.70.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last announced its earnings results on Tuesday, August 11th. The utilities provider reported $0.64 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.81. The business had revenue of $618.97 million during the quarter, compared to the consensus estimate of $217.79 million. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 10.31% and a net margin of 7.46%. As a group, sell-side analysts forecast that Empresa Distribuidora Y Comercializadora Norte S.A. will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock. Engineers Gate Manager LP purchased a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,620 shares of the utilities provider’s stock, valued at approximately $265,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) has an average rating of “Reduce”.

About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Empresa Distribuidora y Comercializadora Norte SA, commonly known as Edenor, is an Argentine electric utility that distributes electricity to residential, commercial and industrial customers. The company operates and maintains the low-, medium- and high-voltage distribution network, manages customer connections and metering, and provides related billing and customer-support services.

Edenor serves the northern and northwestern areas of the Buenos Aires metropolitan region, including portions of the Autonomous City of Buenos Aires and surrounding municipalities in Buenos Aires Province.