Energias de Portugal (OTCMKTS:EDPFY) Short Interest Up 207.4% in January

Energias de Portugal (OTCMKTS:EDPFY) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 7,563 shares, a growth of 207.4% from the January 15th total of 2,460 shares. Based on an average daily trading volume, of 39,562 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 39,562 shares, the days-to-cover ratio is presently 0.2 days.

Energias de Portugal Stock Up 1.9%

OTCMKTS:EDPFY opened at $52.83 on Thursday. The stock has a 50 day moving average of $47.69 and a 200-day moving average of $46.60. Energias de Portugal has a 52 week low of $29.88 and a 52 week high of $52.83.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Energias de Portugal

Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.