Equatorial Energia S.A. (OTCMKTS:EQUEY) Short Interest Update

Equatorial Energia S.A. (OTCMKTS:EQUEY) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 44,600 shares, an increase of 149.2% from the August 15th total of 17,900 shares. Based on an average trading volume of 9,900 shares, the days-to-cover ratio is presently 4.5 days.

Equatorial Energia Price Performance

OTCMKTS:EQUEY opened at $6.24 on Friday. The firm has a 50 day simple moving average of $6.29 and a 200-day simple moving average of $6.24. Equatorial Energia has a 1-year low of $5.35 and a 1-year high of $7.28.

Equatorial Energia Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.0241 per share. This represents a dividend yield of 0.38%. The ex-dividend date is Tuesday, September 10th. This is a positive change from Equatorial Energia’s previous dividend of $0.01. Equatorial Energia’s dividend payout ratio is currently 29.66%.

About Equatorial Energia

Equatorial Energia SA, through its subsidiaries, engages in the electricity generation, distribution, transmission, and sanitation operations in Brazil. It operates through Distribution, Transmission, Wind Generation, Services, Sanitation, and Other segments. The company generates energy from wind, solar, biomass, qualified co-generation, and hydroelectric plants.