Companhia Paranaense de Energia (NYSE:ELPC) Short Interest Down 15.5% in February

Companhia Paranaense de Energia (NYSE:ELPC) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 10,900 shares, a decrease of 15.5% from the February 13th total of 12,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,700 shares, the short-interest ratio is presently 2.3 days.

Companhia Paranaense de Energia Stock Up 1.1 %

Shares of ELPC opened at $6.61 on Tuesday. The firm has a 50-day moving average price of $5.91 and a 200 day moving average price of $5.99. The firm has a market capitalization of $7.07 billion, a PE ratio of 9.44 and a beta of 0.34. Companhia Paranaense de Energia has a 52-week low of $5.04 and a 52-week high of $7.21.

Companhia Paranaense de Energia (NYSE:ELPC) last announced its earnings results on Friday, February 28th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $1.03 billion during the quarter.

Hedge Funds Weigh In On Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,091 shares of the company’s stock after purchasing an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Companhia Paranaense de Energia Company Profile

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, GAS, Power Sale, and Holding and Services segments.