Short Interest in Companhia Paranaense de Energia – COPEL (NYSE:ELP) Declines By 36.2%

Companhia Paranaense de Energia – COPEL (NYSE:ELP) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 370,000 shares, a drop of 36.2% from the January 31st total of 580,300 shares. Based on an average daily trading volume, of 293,300 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the shares of the stock are short sold.

Companhia Paranaense de Energia – COPEL Price Performance

Shares of NYSE:ELP traded up $0.05 during midday trading on Tuesday, reaching $6.66. The company’s stock had a trading volume of 289,574 shares, compared to its average volume of 271,731. Companhia Paranaense de Energia – COPEL has a fifty-two week low of $5.72 and a fifty-two week high of $8.30. The company has a market capitalization of $3.64 billion, a P/E ratio of 9.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The business’s fifty day simple moving average is $6.46 and its 200-day simple moving average is $6.80.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its earnings results on Friday, February 28th. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $657.55 million. As a group, equities research analysts expect that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current fiscal year.

Institutional Trading of Companhia Paranaense de Energia – COPEL

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in Companhia Paranaense de Energia – COPEL in the fourth quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Companhia Paranaense de Energia – COPEL in the third quarter worth about $34,000. PNC Financial Services Group Inc. increased its position in Companhia Paranaense de Energia – COPEL by 78.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 3,849 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Companhia Paranaense de Energia – COPEL in the fourth quarter worth about $56,000. Finally, First Affirmative Financial Network acquired a new stake in Companhia Paranaense de Energia – COPEL in the fourth quarter worth about $64,000. 3.80% of the stock is currently owned by institutional investors and hedge funds.

Companhia Paranaense de Energia – COPEL Company Profile

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.