Short Interest in EDP - Energias de Portugal, S.A. (OTCMKTS:EDPFY) Decreases By 30.3%

EDP - Energias de Portugal, S.A. (OTCMKTS:EDPFY - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 22,500 shares, a drop of 30.3% from the February 28th total of 32,300 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 88,900 shares, the days-to-cover ratio is presently 0.3 days.

EDP - Energias de Portugal Stock Performance

EDP - Energias de Portugal stock traded up $0.48 during trading hours on Thursday, reaching $34.23. 24,552 shares of the company's stock were exchanged, compared to its average volume of 113,078. The firm's 50 day simple moving average is $32.35 and its 200 day simple moving average is $35.62. EDP - Energias de Portugal has a twelve month low of $29.88 and a twelve month high of $46.22.

Analysts Set New Price Targets

Separately, Barclays lowered shares of EDP - Energias de Portugal from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 9th.

About EDP - Energias de Portugal

EDP - Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.