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

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 3,430,000 shares, a decrease of 13.6% from the September 30th total of 3,970,000 shares. Based on an average trading volume of 816,300 shares, the days-to-cover ratio is currently 4.2 days.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

EBR stock traded down $0.14 during trading on Tuesday, hitting $6.60. The stock had a trading volume of 527,736 shares, compared to its average volume of 937,278. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a twelve month low of $6.21 and a twelve month high of $9.11. The company's 50-day moving average price is $7.23 and its two-hundred day moving average price is $7.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.35 and a quick ratio of 2.33. The stock has a market capitalization of $15.18 billion, a P/E ratio of 9.29, a PEG ratio of 2.09 and a beta of 1.09.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. Centrais Elétricas Brasileiras S.A. - Eletrobrás had a return on equity of 4.18% and a net margin of 13.37%. The firm had revenue of $1.61 billion for the quarter. As a group, research analysts predict that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

EBR has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded Centrais Elétricas Brasileiras S.A. - Eletrobrás to a "strong-buy" rating in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "hold" rating to a "buy" rating in a research report on Monday, September 23rd.

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

Large investors have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 232.4% in the second quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 4,019 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 173.8% during the 2nd quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider's stock worth $49,000 after acquiring an additional 4,867 shares during the period. SG Americas Securities LLC boosted its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 18.7% during the 2nd quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider's stock valued at $93,000 after acquiring an additional 2,284 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 26.0% in the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider's stock valued at $93,000 after purchasing an additional 2,642 shares during the period. Finally, First Affirmative Financial Network increased its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 34.3% during the second quarter. First Affirmative Financial Network now owns 19,815 shares of the utilities provider's stock worth $127,000 after purchasing an additional 5,065 shares during the last quarter. Hedge funds and other institutional investors own 6.54% of the company's stock.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Company Profile

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.