Electricité de France S.A. (OTCMKTS:ECIFY – Get Rating) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 138,600 shares, a drop of 51.1% from the April 15th total of 283,200 shares. Based on an average daily volume of 270,100 shares, the days-to-cover ratio is presently 0.5 days.
ECIFY has been the subject of several research reports. Sanford C. Bernstein cut shares of Electricité de France from an “outperform” rating to a “market perform” rating in a report on Monday, January 24th. Zacks Investment Research upgraded shares of Electricité de France from a “sell” rating to a “hold” rating in a research note on Tuesday, March 8th. HSBC cut shares of Electricité de France from a “buy” rating to a “hold” rating in a research note on Monday, January 17th. AlphaValue cut shares of Electricité de France to a “reduce” rating in a research note on Monday, February 14th. Finally, Morgan Stanley reduced their target price on shares of Electricité de France from €10.00 ($10.53) to €9.00 ($9.47) in a research note on Friday, March 18th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.48.
Shares of OTCMKTS:ECIFY traded up $0.05 during trading on Friday, reaching $1.72. The stock had a trading volume of 86,329 shares, compared to its average volume of 102,952. Electricité de France has a 52 week low of $1.52 and a 52 week high of $3.02. The stock has a fifty day simple moving average of $1.90 and a two-hundred day simple moving average of $2.16.
Electricité de France Company Profile (Get Rating)
Électricité de France SA engages in the energy industry production. It operates in the following business segments: Electricity and, Gas. It offers the following services: production, transport, distribution, trading, sale of energy and, energy services. The company was founded on June 17, 1955 and is headquartered in Paris, France.
- Get a free copy of the StockNews.com research report on Electricité de France (ECIFY)
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