Short Interest in Companhia Paranaense de Energia – COPEL (NYSE:ELP) Rises By 22.4%

Companhia Paranaense de Energia – COPEL (NYSE:ELP) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 764,400 shares, a growth of 22.4% from the December 31st total of 624,600 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 295,700 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. increased its position in shares of Companhia Paranaense de Energia – COPEL by 20.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider’s stock worth $11,532,000 after purchasing an additional 258,198 shares in the last quarter. Jane Street Group LLC increased its position in Companhia Paranaense de Energia – COPEL by 456.9% during the third quarter. Jane Street Group LLC now owns 209,228 shares of the utilities provider’s stock worth $1,557,000 after buying an additional 171,658 shares during the period. Trium Capital LLP lifted its stake in Companhia Paranaense de Energia – COPEL by 36.0% in the third quarter. Trium Capital LLP now owns 130,919 shares of the utilities provider’s stock valued at $974,000 after buying an additional 34,643 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Companhia Paranaense de Energia – COPEL by 7.6% in the fourth quarter. Van ECK Associates Corp now owns 85,929 shares of the utilities provider’s stock valued at $510,000 after acquiring an additional 6,036 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Companhia Paranaense de Energia – COPEL by 11.7% during the second quarter. The Manufacturers Life Insurance Company now owns 72,216 shares of the utilities provider’s stock worth $483,000 after acquiring an additional 7,540 shares during the last quarter. 3.80% of the stock is owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia – COPEL Trading Up 3.0 %

NYSE:ELP opened at $6.72 on Friday. Companhia Paranaense de Energia – COPEL has a 12 month low of $5.72 and a 12 month high of $8.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The business’s fifty day moving average price is $6.17 and its 200 day moving average price is $6.87.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share for the quarter. The business had revenue of $1.03 billion for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. Analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were given a $0.1441 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Companhia Paranaense de Energia – COPEL 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, Power Sale, and Gas segments.