Companhia Paranaense de Energia – COPEL (NYSE:ELP) Short Interest Update

Companhia Paranaense de Energia – COPEL (NYSE:ELP) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 799,600 shares, a growth of 16.0% from the May 31st total of 689,400 shares. Based on an average daily volume of 251,400 shares, the short-interest ratio is currently 3.2 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Trading of Companhia Paranaense de Energia – COPEL

A number of institutional investors have recently bought and sold shares of ELP. Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in Companhia Paranaense de Energia – COPEL during the 4th quarter worth $25,163,000. SPX Gestao de Recursos Ltda grew its holdings in Companhia Paranaense de Energia – COPEL by 19.2% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,805,325 shares of the utilities provider’s stock worth $15,309,000 after acquiring an additional 291,177 shares during the period. Dorsey Wright & Associates acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $1,095,000. Capital Wealth Planning LLC acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $1,035,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $667,000. Institutional investors and hedge funds own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Stock Performance

ELP stock opened at $6.66 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.37 and a current ratio of 1.39. The company has a 50 day moving average price of $7.09 and a 200 day moving average price of $7.68. Companhia Paranaense de Energia – COPEL has a fifty-two week low of $6.10 and a fifty-two week high of $8.91.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.04 earnings per share for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.17% and a return on equity of 8.72%. The firm had revenue of $1.09 billion during the quarter. Equities research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.031 per share. The ex-dividend date of this dividend is Thursday, May 2nd.

Companhia Paranaense de Energia – COPEL Company Profile

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, Power Sale, and Gas segments.