Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sees Large Drop in Short Interest

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 212,000 shares, a drop of 33.6% from the February 13th total of 319,100 shares. Based on an average daily trading volume, of 241,300 shares, the short-interest ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are short sold.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

Shares of EDN stock traded up $1.76 on Wednesday, reaching $32.32. The company's stock had a trading volume of 73,959 shares, compared to its average volume of 138,381. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12-month low of $13.78 and a 12-month high of $51.69. The company has a market capitalization of $1.46 billion, a P/E ratio of 6.29 and a beta of 1.38. The stock's 50 day simple moving average is $36.16 and its 200-day simple moving average is $33.68.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 677 shares in the last quarter. BNP Paribas Financial Markets raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1.7% during the fourth quarter. BNP Paribas Financial Markets now owns 41,796 shares of the utilities provider's stock valued at $1,793,000 after purchasing an additional 691 shares in the last quarter. Citadel Advisors LLC raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4.3% during the fourth quarter. Citadel Advisors LLC now owns 53,182 shares of the utilities provider's stock valued at $2,282,000 after purchasing an additional 2,206 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at about $101,000. Finally, JPMorgan Chase & Co. raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider's stock valued at $1,757,000 after purchasing an additional 2,610 shares in the last quarter. Hedge funds and other institutional investors own 1.64% of the company's stock.

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Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.