Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Short Interest Down 33.6% in February

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 212,000 shares, a decline of 33.6% from the February 13th total of 319,100 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 241,300 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Large investors have recently added to or reduced their stakes in the business. Voloridge Investment Management LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at about $258,000. Two Sigma Investments LP purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $386,000. Tidal Investments LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $519,000. Millennium Management LLC raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 177.7% during the fourth quarter. Millennium Management LLC now owns 102,615 shares of the utilities provider’s stock valued at $4,403,000 after purchasing an additional 65,666 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,388 shares of the utilities provider’s stock valued at $23,360,000 after buying an additional 286,989 shares during the last quarter. Hedge funds and other institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

Shares of EDN stock traded up $1.27 during trading on Friday, reaching $33.09. 96,381 shares of the company’s stock traded hands, compared to its average volume of 139,266. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1 year low of $13.78 and a 1 year high of $51.69. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.50 billion, a P/E ratio of 6.44 and a beta of 1.38. The firm’s 50-day moving average is $36.94 and its 200 day moving average is $33.18.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.