Short Interest in EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Rises By 1,600.0%

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 32,300 shares, a growth of 1,600.0% from the February 13th total of 1,900 shares. Based on an average daily trading volume, of 160,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

EDP – Energias de Portugal Stock Performance

EDPFY stock opened at $33.79 on Thursday. The company’s 50 day moving average price is $31.78 and its 200 day moving average price is $36.64. EDP – Energias de Portugal has a fifty-two week low of $29.88 and a fifty-two week high of $46.22.

Analyst Ratings Changes

A number of brokerages have issued reports on EDPFY. Barclays lowered shares of EDP – Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Sanford C. Bernstein upgraded shares of EDP – Energias de Portugal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

About EDP – Energias de Portugal

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.