Electricité de France S.A. (OTCMKTS:ECIFY) Sees Significant Drop in Short Interest

Electricité de France S.A. (OTCMKTS:ECIFY) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 100 shares, a decrease of 95.5% from the August 15th total of 2,200 shares. Based on an average daily trading volume, of 36,100 shares, the days-to-cover ratio is currently 0.0 days.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Electricité de France from a “buy” rating to a “hold” rating in a research note on Friday, August 20th. Societe Generale reaffirmed a “buy” rating on shares of Electricité de France in a research note on Tuesday, August 31st. Barclays reaffirmed an “overweight” rating on shares of Electricité de France in a research note on Friday, May 21st. AlphaValue upgraded Electricité de France to a “sell” rating in a report on Thursday, June 17th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Electricité de France in a report on Wednesday, August 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Electricité de France presently has an average rating of “Buy” and a consensus target price of $3.00.

Electricité de France stock traded up $0.02 during mid-day trading on Wednesday, reaching $2.53. 8,782 shares of the company were exchanged, compared to its average volume of 28,066. The business has a fifty day moving average of $2.54 and a 200 day moving average of $2.65. The firm has a market cap of $39.87 billion, a P/E ratio of 18.04 and a beta of 1.06. Electricité de France has a 12-month low of $1.91 and a 12-month high of $3.27.

Electricité de France Company Profile

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.

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