Engie Brasil Energia S.A. (OTCMKTS:EGIEY) Sees Significant Drop in Short Interest

Engie Brasil Energia S.A. (OTCMKTS:EGIEY) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 53,500 shares, a decline of 11.7% from the January 31st total of 60,600 shares. Based on an average trading volume of 111,100 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, UBS Group downgraded Engie Brasil Energia from a “hold” rating to a “strong sell” rating in a research note on Monday, November 11th.

Engie Brasil Energia Stock Up 3.8 %

Shares of OTCMKTS EGIEY opened at $6.86 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.63. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 6.93 and a beta of 0.44. Engie Brasil Energia has a 12 month low of $5.54 and a 12 month high of $9.35. The stock has a 50-day moving average price of $6.20 and a two-hundred day moving average price of $6.85.

About Engie Brasil Energia

Engie Brasil Energia SA, together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants.