Companhia Paranaense de Energia – COPEL (NYSE:ELP – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 799,600 shares, a growth of 16.0% from the May 31st total of 689,400 shares. Based on an average daily trading volume, of 251,400 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.0% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ELP. Tidal Investments LLC grew its stake in shares of Companhia Paranaense de Energia – COPEL by 2.4% during the 1st quarter. Tidal Investments LLC now owns 59,189 shares of the utilities provider’s stock worth $457,000 after purchasing an additional 1,398 shares during the period. Diversify Advisory Services LLC acquired a new position in Companhia Paranaense de Energia – COPEL during the first quarter worth about $242,000. Norden Group LLC purchased a new position in Companhia Paranaense de Energia – COPEL in the first quarter valued at about $194,000. Ballentine Partners LLC increased its holdings in Companhia Paranaense de Energia – COPEL by 28.0% in the first quarter. Ballentine Partners LLC now owns 18,243 shares of the utilities provider’s stock valued at $141,000 after buying an additional 3,987 shares in the last quarter. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Companhia Paranaense de Energia – COPEL during the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 3.80% of the company’s stock.
Companhia Paranaense de Energia – COPEL Trading Down 3.2 %
ELP stock opened at $6.69 on Monday. The company has a fifty day moving average of $7.12 and a 200-day moving average of $7.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.37 and a current ratio of 1.39. Companhia Paranaense de Energia – COPEL has a one year low of $6.10 and a one year high of $8.91.
Companhia Paranaense de Energia – COPEL Cuts Dividend
The firm also recently declared a Variable dividend, which will be paid on Monday, July 8th. Investors of record on Friday, May 3rd will be paid a $0.031 dividend. The ex-dividend date is Thursday, May 2nd.
About Companhia Paranaense de Energia – COPEL
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.
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