Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Short Interest Up 75.7% in April

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBRGet Rating) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 5,270,000 shares, an increase of 75.7% from the March 31st total of 3,000,000 shares. Based on an average trading volume of 1,840,000 shares, the short-interest ratio is currently 2.9 days.

A number of research analysts have recently commented on EBR shares. StockNews.com lowered Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Wednesday, April 20th.

Shares of NYSE:EBR opened at $8.29 on Friday. The business has a 50 day moving average price of $7.66 and a 200 day moving average price of $6.71. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a twelve month low of $5.16 and a twelve month high of $9.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.73 and a current ratio of 1.78.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBRGet Rating) last announced its earnings results on Friday, March 18th. The utilities provider reported $0.08 earnings per share for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 7.26% and a net margin of 14.69%. The firm had revenue of $2.06 billion during the quarter. Research analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.46 EPS for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Thursday, May 5th. Shareholders of record on Thursday, May 5th will be given a $0.131 dividend. The ex-dividend date is Wednesday, May 4th. This represents a dividend yield of 1.57%.

Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC lifted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1,300.0% in the 4th quarter. Millennium Management LLC now owns 1,686,095 shares of the utilities provider’s stock worth $10,268,000 after acquiring an additional 1,565,662 shares during the period. Citadel Advisors LLC lifted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 193.5% in the 4th quarter. Citadel Advisors LLC now owns 431,350 shares of the utilities provider’s stock worth $2,627,000 after acquiring an additional 284,382 shares during the period. Qube Research & Technologies Ltd lifted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 2,572.5% in the 4th quarter. Qube Research & Technologies Ltd now owns 362,955 shares of the utilities provider’s stock worth $2,210,000 after acquiring an additional 349,374 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter worth approximately $1,705,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 69.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 249,650 shares of the utilities provider’s stock worth $1,520,000 after buying an additional 102,140 shares in the last quarter. Institutional investors own 1.04% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile (Get Rating)

Centrais Elétricas Brasileiras SA – Eletrobras, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. As of December 31, 2020, it owned and operated 31 hydroelectric plants with a total installed capacity of 50,648 megawatts; seven thermal plants, including coal, and oil and gas power generation units with a total installed capacity of 1,595 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.

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