EDP Renováveis, S.A. (OTCMKTS:EDRVF) Sees Significant Increase in Short Interest

EDP Renováveis, S.A. (OTCMKTS:EDRVF) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 472,500 shares, a growth of 20.0% from the December 15th total of 393,700 shares. Based on an average daily trading volume, of 17,100 shares, the days-to-cover ratio is currently 27.6 days.

EDP Renováveis Price Performance

Shares of OTCMKTS:EDRVF remained flat at $9.67 during midday trading on Friday. The stock has a 50 day moving average of $10.62 and a 200-day moving average of $13.75. EDP Renováveis has a fifty-two week low of $9.22 and a fifty-two week high of $17.62.

EDP Renováveis Company Profile

EDP Renováveis, SA, a renewable energy company, plans, constructs, operates, and maintains electricity power stations. The company operates wind and solar farms. As of December 31, 2023, it had an installed capacity of 6,891 megawatts in the United States; 2,042 megawatts in Spain; 1,413 megawatts in Portugal; 1,165 megawatts in Brazil; 798 megawatts in Poland; 521 megawatts in Romania; 496 megawatts in Mexico; 427 megawatts in Canada; 412 megawatts in Italy; 402 megawatts in Vietnam; 315 megawatts in Singapore; 244 megawatts in France; 123 megawatts in China; 83 megawatts in Chile; 80 megawatts in Greece; 43 megawatts in Taiwan; 11 megawatts in Belgium; 9 megawatts in the Netherlands; 7 megawatts in Thailand; and 5 megawatts in the United Kingdom.