Companhia Paranaense de Energia (NYSE:ELPC) Short Interest Update

Companhia Paranaense de Energia (NYSE:ELPC) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 10,900 shares, a decline of 15.5% from the February 13th total of 12,900 shares. Based on an average daily trading volume, of 4,700 shares, the short-interest ratio is presently 2.3 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda lifted its holdings in Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,091 shares of the company’s stock after buying an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 at the end of the most recent reporting period.

Companhia Paranaense de Energia Stock Down 0.2 %

ELPC stock traded down $0.02 during mid-day trading on Thursday, reaching $6.68. 2,064 shares of the company traded hands, compared to its average volume of 18,678. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 9.54 and a beta of 0.34. Companhia Paranaense de Energia has a fifty-two week low of $5.04 and a fifty-two week high of $7.21. The firm’s 50 day moving average price is $5.96 and its 200 day moving average price is $6.00.

Companhia Paranaense de Energia (NYSE:ELPC) last released its quarterly earnings results on Friday, February 28th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $1.03 billion for the quarter.

Companhia Paranaense de Energia 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, GAS, Power Sale, and Holding and Services segments.