Short Interest in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Increases By 154.1%

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 320,200 shares, an increase of 154.1% from the January 15th total of 126,000 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 256,200 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EDN. GAMMA Investing LLC lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider's stock valued at $68,000 after acquiring an additional 677 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $101,000. Jane Street Group LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $207,000. Walleye Capital LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter valued at approximately $237,000. Finally, NewEdge Advisors LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $257,000. 1.64% of the stock is currently owned by institutional investors and hedge funds.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock traded down $0.15 on Friday, hitting $39.71. 88,409 shares of the company were exchanged, compared to its average volume of 272,847. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1-year low of $13.78 and a 1-year high of $51.69. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 7.72 and a beta of 1.39. The company has a 50-day moving average price of $40.70 and a 200 day moving average price of $30.83. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

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.