EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) Short Interest Update

EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,700 shares, a growth of 142.9% from the December 15th total of 700 shares. Based on an average daily trading volume, of 54,700 shares, the short-interest ratio is presently 0.0 days.

EDPFY opened at $51.65 on Friday. EDP – Energias de Portugal has a twelve month low of $50.74 and a twelve month high of $65.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.98 and a current ratio of 1.03. The company has a 50-day moving average price of $54.09 and a 200 day moving average price of $54.51.

A number of equities analysts have recently issued reports on EDPFY shares. The Goldman Sachs Group downgraded EDP – Energias de Portugal from a “conviction-buy” rating to a “buy” rating in a research report on Monday, January 10th. Zacks Investment Research raised EDP – Energias de Portugal from a “hold” rating to a “strong-buy” rating and set a $59.00 target price on the stock in a research report on Friday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of EDP – Energias de Portugal in a report on Monday, October 4th. HSBC raised shares of EDP – Energias de Portugal from a “hold” rating to a “buy” rating in a report on Monday, November 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of EDP – Energias de Portugal in a report on Thursday, December 2nd. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EDP – Energias de Portugal currently has an average rating of “Buy” and a consensus price target of $56.46.

EDP – Energias de Portugal Company Profile

EDP-Energias de Portugal SA engages in the provision of electricity generation, supply and distribution. It operates through the following three segments: Renewables, Networks and Client Solutions & Energy Management. The Renewables segment engages in generation of electricity through renewable energy sources.

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