Short Interest in Companhia Paranaense de Energia – COPEL (NYSE:ELP) Increases By 42.1%

Companhia Paranaense de Energia – COPEL (NYSE:ELP) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 360,300 shares, a growth of 42.1% from the September 15th total of 253,600 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 221,700 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ELP. Creekmur Asset Management LLC acquired a new stake in Companhia Paranaense de Energia – COPEL during the fourth quarter worth approximately $33,000. GAMMA Investing LLC increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 61.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 2,043 shares during the period. Signaturefd LLC increased its stake in Companhia Paranaense de Energia – COPEL by 41.1% in the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock valued at $77,000 after buying an additional 3,341 shares during the period. Blue Trust Inc. increased its stake in Companhia Paranaense de Energia – COPEL by 205.3% in the 2nd quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock valued at $119,000 after buying an additional 11,922 shares during the period. Finally, Ballentine Partners LLC increased its stake in Companhia Paranaense de Energia – COPEL by 28.0% in the 1st 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 during the period. Hedge funds and other institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Stock Up 2.0 %

Companhia Paranaense de Energia – COPEL stock opened at $7.22 on Tuesday. Companhia Paranaense de Energia – COPEL has a 12-month low of $6.24 and a 12-month high of $8.91. The company has a 50-day moving average price of $7.53 and a 200 day moving average price of $7.32. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.55 and a current ratio of 1.57.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.03 earnings per share for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.87% and a return on equity of 9.07%. The business had revenue of $1.05 billion during the quarter. As a group, analysts expect that Companhia Paranaense de Energia – COPEL will post 0.13 EPS for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be paid a $0.0705 dividend. The ex-dividend date of this dividend is Wednesday, October 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.