Companhia Paranaense de Energia – COPEL (NYSE:ELP) Sees Significant Growth in Short Interest

Companhia Paranaense de Energia – COPEL (NYSE:ELP) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 361,500 shares, an increase of 6.3% from the October 31st total of 340,100 shares. Based on an average trading volume of 292,600 shares, the short-interest ratio is currently 1.2 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC raised its stake in Companhia Paranaense de Energia – COPEL by 2.4% in the first quarter. Tidal Investments LLC now owns 59,189 shares of the utilities provider’s stock valued at $457,000 after buying an additional 1,398 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Companhia Paranaense de Energia – COPEL by 205.3% in the 2nd quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock valued at $119,000 after buying an additional 11,922 shares during the period. Signaturefd LLC boosted its stake in Companhia Paranaense de Energia – COPEL by 41.1% during the second quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock worth $77,000 after buying an additional 3,341 shares during the period. Van ECK Associates Corp boosted its stake in shares of Companhia Paranaense de Energia – COPEL by 222.9% in the second quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock valued at $1,784,000 after purchasing an additional 184,167 shares during the period. Finally, Trium Capital LLP boosted its stake in shares of Companhia Paranaense de Energia – COPEL by 37.5% in the 2nd quarter. Trium Capital LLP now owns 96,276 shares of the utilities provider’s stock valued at $644,000 after buying an additional 26,277 shares during the period. Hedge funds and other institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Trading Up 0.8 %

Companhia Paranaense de Energia – COPEL stock traded up $0.05 during mid-day trading on Tuesday, reaching $6.43. 57,498 shares of the company traded hands, compared to its average volume of 300,751. The firm’s 50 day moving average price is $6.89 and its 200 day moving average price is $7.15. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. Companhia Paranaense de Energia – COPEL has a 52-week low of $6.28 and a 52-week high of $8.91.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share for the quarter. The business had revenue of $1.03 billion during the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. On average, sell-side analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.1441 dividend. The ex-dividend date is Friday, December 13th.

About Companhia Paranaense de Energia – COPEL

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.