Equatorial Energia S.A. (OTCMKTS:EQUEY) Short Interest Update

Equatorial Energia S.A. (OTCMKTS:EQUEY) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 44,600 shares, a growth of 149.2% from the August 15th total of 17,900 shares. Based on an average daily volume of 9,900 shares, the days-to-cover ratio is presently 4.5 days.

Equatorial Energia Stock Performance

Shares of EQUEY traded up $0.04 during mid-day trading on Friday, reaching $6.24. 10,000 shares of the company’s stock traded hands, compared to its average volume of 3,488. The business’s 50-day moving average price is $6.29 and its 200-day moving average price is $6.24. Equatorial Energia has a 12 month low of $5.35 and a 12 month high of $7.28.

Equatorial Energia Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 17th. Investors of record on Wednesday, September 11th will be given a $0.0241 dividend. This represents a yield of 0.38%. The ex-dividend date of this dividend is Tuesday, September 10th. This is a positive change from Equatorial Energia’s previous dividend of $0.01. Equatorial Energia’s dividend payout ratio is currently 29.66%.

Equatorial Energia Company Profile

Equatorial Energia SA, through its subsidiaries, engages in the electricity generation, distribution, transmission, and sanitation operations in Brazil. It operates through Distribution, Transmission, Wind Generation, Services, Sanitation, and Other segments. The company generates energy from wind, solar, biomass, qualified co-generation, and hydroelectric plants.