EDP – Energias de Portugal, S.A. (OTCMKTS:ELCPF) Sees Large Decline in Short Interest

EDP – Energias de Portugal, S.A. (OTCMKTS:ELCPF) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 6,853,900 shares, a decline of 15.7% from the December 31st total of 8,130,200 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is presently 5,711.6 days.

EDP – Energias de Portugal Stock Performance

OTCMKTS:ELCPF remained flat at $3.09 during mid-day trading on Monday. EDP – Energias de Portugal has a 1 year low of $2.90 and a 1 year high of $4.70. The business’s 50 day simple moving average is $3.26 and its 200-day simple moving average is $3.76.

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.