Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Short Interest Update

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,600,000 shares, a decrease of 14.0% from the February 28th total of 1,860,000 shares. Based on an average daily volume of 1,460,000 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are short sold.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Down 0.6 %

Shares of NYSE:EBR traded down $0.05 during midday trading on Wednesday, hitting $7.14. The stock had a trading volume of 358,499 shares, compared to its average volume of 1,175,604. The business’s 50-day simple moving average is $6.62 and its 200-day simple moving average is $6.43. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $5.45 and a 12 month high of $8.41. The company has a market cap of $16.02 billion, a P/E ratio of 8.70, a PEG ratio of 4.35 and a beta of 1.00. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last posted its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $10.17 billion. On average, sell-side analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

A number of large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. lifted its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 1,528 shares during the period. Mariner LLC lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 11.5% during the 4th quarter. Mariner LLC now owns 29,316 shares of the utilities provider’s stock worth $168,000 after acquiring an additional 3,031 shares during the period. Stifel Financial Corp boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 10.1% during the 4th quarter. Stifel Financial Corp now owns 37,941 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 3,480 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 3,870 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,183 shares of the utilities provider’s stock valued at $1,460,000 after purchasing an additional 4,308 shares in the last quarter. Institutional investors own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.