Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Short Interest Update

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 212,000 shares, a decrease of 33.6% from the February 13th total of 319,100 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 241,300 shares, the short-interest ratio is currently 0.9 days.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 0.8 %

Shares of EDN stock traded down $0.27 during trading on Monday, hitting $32.98. 89,390 shares of the stock traded hands, compared to its average volume of 138,958. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 52-week low of $13.78 and a 52-week high of $51.69. The firm has a market capitalization of $1.49 billion, a P/E ratio of 6.42 and a beta of 1.38. The firm’s fifty day moving average price is $36.50 and its 200-day moving average price is $33.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,388 shares of the utilities provider’s stock worth $23,360,000 after buying an additional 286,989 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth approximately $6,272,000. William Blair Investment Management LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $5,012,000. Mirabella Financial Services LLP acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $3,152,000. Finally, SPX Gestao de Recursos Ltda purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $2,938,000. 1.64% of the stock is owned by institutional investors and hedge funds.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.