Short Interest in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Drops By 9.4%

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDNGet Rating) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 18,400 shares, a decline of 9.4% from the August 15th total of 20,300 shares. Based on an average daily volume of 21,800 shares, the days-to-cover ratio is currently 0.8 days.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock opened at $6.47 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.39 and a current ratio of 0.42. The stock has a fifty day moving average of $6.05 and a two-hundred day moving average of $5.88. The company has a market capitalization of $283.09 million, a price-to-earnings ratio of -1.68 and a beta of 1.09. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a fifty-two week low of $3.88 and a fifty-two week high of $7.89.

Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A hedge fund recently raised its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDNGet Rating) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,419 shares of the utilities provider’s stock after buying an additional 5,337 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $215,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.18% of the company’s stock.

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