Short Interest in EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Increases By 51.5%

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 5,000 shares, a growth of 51.5% from the October 31st total of 3,300 shares. Based on an average daily trading volume, of 189,900 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of EDP – Energias de Portugal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

EDP – Energias de Portugal Stock Performance

Shares of EDPFY traded down $0.15 during midday trading on Friday, hitting $36.05. The stock had a trading volume of 26,896 shares, compared to its average volume of 41,561. The company has a 50 day simple moving average of $40.12 and a two-hundred day simple moving average of $40.69. EDP – Energias de Portugal has a twelve month low of $34.94 and a twelve month high of $51.02.

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.