Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sees Significant Growth in Short Interest

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 98,400 shares, an increase of 131.0% from the October 15th total of 42,600 shares. Based on an average trading volume of 124,700 shares, the short-interest ratio is currently 0.8 days.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock traded down $0.50 during trading on Friday, hitting $34.26. The stock had a trading volume of 165,158 shares, compared to its average volume of 90,997. The company has a quick ratio of 0.63, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $25.74 and its two-hundred day moving average is $20.20. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1 year low of $10.68 and a 1 year high of $35.45. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 6.67 and a beta of 1.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EDN. Helikon Investments Ltd lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% during the third quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock valued at $17,947,000 after purchasing an additional 307,642 shares during the last quarter. Ping Capital Management Inc. purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter valued at approximately $941,000. BNP Paribas Financial Markets lifted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after buying an additional 40,173 shares in the last quarter. BlueCrest Capital Management Ltd boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% in the 3rd quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock worth $1,108,000 after buying an additional 20,000 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at approximately $260,000. Institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.