Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Short Interest Up 10.5% in December

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,590,000 shares, an increase of 10.5% from the December 15th total of 5,060,000 shares. Based on an average daily volume of 1,450,000 shares, the short-interest ratio is presently 3.9 days.

Institutional Trading of Centrais Elétricas Brasileiras S.A. – Eletrobrás

Several institutional investors have recently made changes to their positions in EBR. Signaturefd LLC raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the third quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 1,685 shares during the period. Sivia Capital Partners LLC raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,642 shares during the period. Sequoia Financial Advisors LLC raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% in the third quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock valued at $157,000 after purchasing an additional 5,089 shares during the period. Quantinno Capital Management LP raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% in the third quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock valued at $159,000 after purchasing an additional 7,843 shares during the period. Finally, First Affirmative Financial Network raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 41.9% in the third quarter. First Affirmative Financial Network now owns 28,122 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 8,307 shares during the period. Hedge funds and other institutional investors own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Shares of EBR stock traded up $0.07 during trading on Monday, hitting $5.79. 1,452,317 shares of the stock traded hands, compared to its average volume of 1,921,075. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $5.88 and its 200-day moving average price is $6.65. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52-week low of $5.45 and a 52-week high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The company also recently declared a — dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th will be given a dividend of $0.1414 per share. This represents a dividend yield of 1%. The ex-dividend date is Monday, December 30th.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EBR shares. Hsbc Global Res upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a report on Tuesday, October 15th. StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.