Electricité de France S.A. (OTCMKTS:ECIFY) Short Interest Update

Electricité de France S.A. (OTCMKTS:ECIFYGet Rating) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 138,600 shares, a drop of 51.1% from the April 15th total of 283,200 shares. Based on an average daily trading volume, of 270,100 shares, the days-to-cover ratio is currently 0.5 days.

ECIFY has been the subject of a number of recent research reports. Sanford C. Bernstein downgraded Electricité de France from an “outperform” rating to a “market perform” rating in a research report on Monday, January 24th. HSBC cut Electricité de France from a “buy” rating to a “hold” rating in a research report on Monday, January 17th. Zacks Investment Research upgraded Electricité de France from a “sell” rating to a “hold” rating in a research report on Tuesday, March 8th. Morgan Stanley reduced their price target on Electricité de France from €10.00 ($10.53) to €9.00 ($9.47) in a research report on Friday, March 18th. Finally, AlphaValue cut Electricité de France to a “reduce” rating in a research report on Monday, February 14th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Electricité de France has an average rating of “Hold” and a consensus target price of $8.48.

OTCMKTS:ECIFY traded up $0.05 during trading hours on Friday, hitting $1.72. 86,329 shares of the company’s stock traded hands, compared to its average volume of 105,673. Electricité de France has a 52 week low of $1.52 and a 52 week high of $3.02. The business’s fifty day simple moving average is $1.90 and its two-hundred day simple moving average is $2.16.

The firm also recently disclosed a dividend, which was paid on Friday, April 22nd. Investors of record on Thursday, April 14th were paid a dividend of $0.0702 per share. This represents a yield of 8.02%. The ex-dividend date of this dividend was Wednesday, April 13th.

Electricité de France Company Profile (Get Rating)

Électricité de France SA engages in the energy industry production. It operates in the following business segments: Electricity and, Gas. It offers the following services: production, transport, distribution, trading, sale of energy and, energy services. The company was founded on June 17, 1955 and is headquartered in Paris, France.

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