Short Interest in Engie Brasil Energia S.A. (OTCMKTS:EGIEY) Increases By 1,268.8%

Engie Brasil Energia S.A. (OTCMKTS:EGIEY) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 21,900 shares, an increase of 1,268.8% from the September 30th total of 1,600 shares. Based on an average daily volume of 21,100 shares, the days-to-cover ratio is presently 1.0 days.

Engie Brasil Energia Stock Performance

Shares of Engie Brasil Energia stock traded up $0.08 during trading hours on Friday, reaching $7.15. 8,633 shares of the stock traded hands, compared to its average volume of 9,620. The company has a 50 day moving average price of $7.84 and a 200 day moving average price of $8.07. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 6.73 and a beta of 0.57. Engie Brasil Energia has a one year low of $7.00 and a one year high of $9.62. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.63.

Engie Brasil Energia (OTCMKTS:EGIEY) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $537.54 million during the quarter. Engie Brasil Energia had a return on equity of 31.69% and a net margin of 41.21%. On average, equities research analysts expect that Engie Brasil Energia will post 0.52 earnings per share for the current fiscal year.

Engie Brasil Energia Company Profile

Engie Brasil Energia SA, together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants.