Short Interest in EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Rises By 1,600.0%

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 32,300 shares, an increase of 1,600.0% from the February 13th total of 1,900 shares. Based on an average daily volume of 160,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

EDP – Energias de Portugal Stock Down 3.0 %

Shares of EDPFY opened at $33.79 on Thursday. EDP – Energias de Portugal has a 52-week low of $29.88 and a 52-week high of $46.22. The firm’s fifty day moving average is $31.78 and its two-hundred day moving average is $36.64.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EDPFY shares. Barclays lowered shares of EDP – Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 9th. Sanford C. Bernstein raised shares of EDP – Energias de Portugal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

About EDP – Energias de Portugal

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.