Short Interest in EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Increases By 51.5%

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 5,000 shares, an increase of 51.5% from the October 31st total of 3,300 shares. Based on an average trading volume of 189,900 shares, the days-to-cover ratio is presently 0.0 days.

EDP – Energias de Portugal Stock Down 0.4 %

Shares of OTCMKTS EDPFY traded down $0.15 during mid-day trading on Friday, hitting $36.05. 26,896 shares of the company’s stock traded hands, compared to its average volume of 98,536. EDP – Energias de Portugal has a 1 year low of $34.94 and a 1 year high of $51.02. The company’s 50-day moving average is $40.12 and its two-hundred day moving average is $40.69.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded shares of EDP – Energias de Portugal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 20th.

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.