Short Interest in EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Expands By 94,200.0%

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 94,300 shares, an increase of 94,200.0% from the December 15th total of 100 shares. Based on an average daily volume of 450,700 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised 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 Trading Up 2.2 %

Shares of OTCMKTS:EDPFY opened at $31.12 on Tuesday. EDP – Energias de Portugal has a 12 month low of $30.33 and a 12 month high of $48.00. The firm’s 50-day moving average is $34.24 and its 200 day moving average is $39.12.

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.