Short Interest in CPFL Energia S.A. (CPL) Decreases By 69.8%

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.

Separately, ValuEngine upgraded CPFL Energia from a “hold” rating to a “buy” rating in a research report on Monday, December 11th.

WARNING: This piece was posted by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.com-unik.info/2018/01/09/short-interest-in-cpfl-energia-s-a-cpl-decreases-by-69-8.html.

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.

What are top analysts saying about CPFL Energia? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CPFL Energia and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit