Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Short Interest Update

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 5,590,000 shares, an increase of 10.5% from the December 31st total of 5,060,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the days-to-cover ratio is presently 3.9 days.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Performance

Centrais Elétricas Brasileiras S.A. - Eletrobrás stock traded down $0.16 during mid-day trading on Friday, reaching $6.03. The company had a trading volume of 1,061,440 shares, compared to its average volume of 1,518,233. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 52 week low of $5.45 and a 52 week high of $9.11. The company has a 50 day moving average of $5.86 and a 200-day moving average of $6.57.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Cuts Dividend

The firm also recently declared a -- dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th were given a dividend of $0.1414 per share. This represents a dividend yield of 1%. The ex-dividend date was Monday, December 30th.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EBR. Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás to a "strong-buy" rating in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "buy" rating to a "strong-buy" rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. - Eletrobrás

Institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 22.0% during the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider's stock worth $68,000 after acquiring an additional 1,685 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 26.0% during the 3rd quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider's stock worth $93,000 after acquiring an additional 2,642 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 30.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider's stock worth $157,000 after acquiring an additional 5,089 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 55.6% during the 3rd quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider's stock worth $159,000 after acquiring an additional 7,843 shares during the last quarter. Finally, First Affirmative Financial Network lifted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 41.9% in the third quarter. First Affirmative Financial Network now owns 28,122 shares of the utilities provider's stock valued at $203,000 after buying an additional 8,307 shares in the last quarter. Institutional investors and hedge funds own 2.64% of the company's stock.

About Centrais Elétricas Brasileiras S.A. - Eletrobrás

Centrais Elétricas Brasileiras SA - Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.