Companhia Paranaense de Energia - COPEL (NYSE:ELP) Short Interest Up 22.4% in January

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 764,400 shares, an increase of 22.4% from the December 31st total of 624,600 shares. Based on an average trading volume of 295,700 shares, the days-to-cover ratio is presently 2.6 days. Approximately 0.9% of the company's stock are sold short.

Institutional Investors Weigh In On Companhia Paranaense de Energia - COPEL

A number of institutional investors have recently added to or reduced their stakes in ELP. Point72 Asia Singapore Pte. Ltd. purchased a new position in Companhia Paranaense de Energia - COPEL in the third quarter worth $34,000. R Squared Ltd purchased a new position in Companhia Paranaense de Energia - COPEL during the 4th quarter worth $31,000. GAMMA Investing LLC boosted its holdings in Companhia Paranaense de Energia - COPEL by 61.2% in the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider's stock worth $40,000 after acquiring an additional 2,043 shares in the last quarter. First Affirmative Financial Network purchased a new stake in shares of Companhia Paranaense de Energia - COPEL during the fourth quarter worth about $64,000. Finally, Signaturefd LLC grew its position in Companhia Paranaense de Energia - COPEL by 12.6% during the 3rd quarter. Signaturefd LLC now owns 12,929 shares of the utilities provider's stock worth $96,000 after purchasing an additional 1,451 shares during the last quarter. Institutional investors own 3.80% of the company's stock.

Companhia Paranaense de Energia - COPEL Trading Up 0.4 %

NYSE ELP traded up $0.03 during trading on Tuesday, reaching $6.82. 145,339 shares of the company's stock traded hands, compared to its average volume of 229,934. Companhia Paranaense de Energia - COPEL has a 12-month low of $5.72 and a 12-month high of $8.51. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The company's 50 day simple moving average is $6.18 and its two-hundred day simple moving average is $6.85.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $1.03 billion for the quarter. Companhia Paranaense de Energia - COPEL had a net margin of 14.20% and a return on equity of 11.88%. Research analysts anticipate that Companhia Paranaense de Energia - COPEL will post 0.12 EPS for the current fiscal year.

Companhia Paranaense de Energia - COPEL Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.1441 per share. The ex-dividend date of this dividend was Friday, December 13th.

Companhia Paranaense de Energia - COPEL Company Profile

Companhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.