CPFL Energia S.A. (NYSE:CPL) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 158,753 shares, a decrease of 69.8% from the November 30th total of 525,727 shares. Based on an average trading volume of 406,132 shares, the short-interest ratio is currently 0.4 days.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in CPFL Energia in the 3rd quarter valued at $462,000. Jane Street Group LLC boosted its position in CPFL Energia by 46.8% in the 3rd quarter. Jane Street Group LLC now owns 36,022 shares of the utilities provider’s stock valued at $618,000 after buying an additional 11,485 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in CPFL Energia by 7.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 213,140 shares of the utilities provider’s stock valued at $3,658,000 after buying an additional 14,580 shares during the last quarter. Citadel Advisors LLC bought a new position in CPFL Energia in the 3rd quarter valued at $811,000. Finally, JPMorgan Chase & Co. boosted its position in CPFL Energia by 1,297.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,887 shares of the utilities provider’s stock valued at $662,000 after buying an additional 36,104 shares during the last quarter. Hedge funds and other institutional investors own 1.75% of the company’s stock.
Shares of CPFL Energia (NYSE CPL) opened at $11.62 on Tuesday. The company has a market capitalization of $5,990.00, a P/E ratio of 22.35 and a beta of 1.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.30. CPFL Energia has a 12-month low of $10.63 and a 12-month high of $17.69.
About CPFL Energia
CPFL Energia SA is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. Its segments include Distribution, Conventional Generation Sources, Renewable Energy Generation, Commercialization and Services.
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