Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR – Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,650,000 shares, a growth of 11.8% from the August 15th total of 2,370,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is currently 2.6 days.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.
Check Out Our Latest Stock Report on EBR
Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás
Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance
Shares of NYSE:EBR traded up $0.11 during trading on Monday, hitting $7.65. The company’s stock had a trading volume of 591,187 shares, compared to its average volume of 953,408. The company has a 50-day moving average of $7.19 and a 200-day moving average of $7.40. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $6.21 and a 12 month high of $9.11. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.35 and a quick ratio of 2.33.
Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR – Get Free Report) last released its earnings results on Thursday, August 8th. The utilities provider reported $0.14 EPS for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 13.37% and a return on equity of 4.18%. The company had revenue of $1.61 billion for the quarter. On average, sell-side analysts anticipate that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current year.
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.
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