EDP Renováveis, S.A. (OTCMKTS:EDRVF) Sees Large Growth in Short Interest

EDP Renováveis, S.A. (OTCMKTS:EDRVF) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 670,200 shares, an increase of 23.9% from the October 15th total of 540,800 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 1,675.5 days.

EDP Renováveis Stock Performance

EDRVF stock remained flat at $11.58 during midday trading on Friday. The company’s stock had a trading volume of 40 shares, compared to its average volume of 2,315. EDP Renováveis has a 12 month low of $11.58 and a 12 month high of $20.33. The firm has a 50-day moving average price of $15.23 and a two-hundred day moving average price of $15.25.

EDP Renováveis Company Profile

EDP Renováveis, SA, a renewable energy company, plans, constructs, operates, and maintains electricity power stations. The company operates wind and solar farms. As of December 31, 2023, it had an installed capacity of 6,891 megawatts in the United States; 2,042 megawatts in Spain; 1,413 megawatts in Portugal; 1,165 megawatts in Brazil; 798 megawatts in Poland; 521 megawatts in Romania; 496 megawatts in Mexico; 427 megawatts in Canada; 412 megawatts in Italy; 402 megawatts in Vietnam; 315 megawatts in Singapore; 244 megawatts in France; 123 megawatts in China; 83 megawatts in Chile; 80 megawatts in Greece; 43 megawatts in Taiwan; 11 megawatts in Belgium; 9 megawatts in the Netherlands; 7 megawatts in Thailand; and 5 megawatts in the United Kingdom.