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Companhia Paranaense de Energia (NYSE:ELPC) Sees Significant Growth in Short Interest

Companhia Paranaense de Energia logo with Utilities background

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 12,800 shares, an increase of 6.7% from the September 30th total of 12,000 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is currently 1.6 days.

Companhia Paranaense de Energia Price Performance

Shares of Companhia Paranaense de Energia stock traded down $0.30 during trading on Friday, hitting $5.67. 5,503 shares of the company's stock traded hands, compared to its average volume of 39,669. Companhia Paranaense de Energia has a twelve month low of $5.67 and a twelve month high of $8.25. The firm's fifty day moving average price is $6.54 and its 200 day moving average price is $6.43.

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $1.05 billion for the quarter.

Companhia Paranaense de Energia Dividend Announcement

The company also recently announced a Variable dividend, which will be paid on Monday, December 9th. Stockholders of record on Wednesday, October 2nd will be paid a $0.0641 dividend. The ex-dividend date is Wednesday, October 2nd.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its stake in Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 458,294 shares of the company's stock after acquiring an additional 8,417 shares during the quarter. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $2,695,000 at the end of the most recent quarter.

Companhia Paranaense de Energia Company Profile

(Get Free Report)

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, GAS, Power Sale, and Holding and Services segments.

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