Short Interest in Engie Brasil Energia S.A. (OTCMKTS:EGIEY) Grows By 183.8%

Engie Brasil Energia S.A. (OTCMKTS:EGIEY) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 19,300 shares, a growth of 183.8% from the May 31st total of 6,800 shares. Based on an average trading volume of 14,400 shares, the days-to-cover ratio is presently 1.3 days.

Engie Brasil Energia Price Performance

Shares of EGIEY traded down $0.04 during mid-day trading on Friday, hitting $8.05. 7,865 shares of the company’s stock were exchanged, compared to its average volume of 9,441. The firm has a fifty day moving average of $8.24 and a two-hundred day moving average of $8.38. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.09 and a current ratio of 1.09. Engie Brasil Energia has a twelve month low of $7.51 and a twelve month high of $15.00.

Engie Brasil Energia Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, August 5th. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.2182 per share. The ex-dividend date of this dividend is Tuesday, May 7th. Engie Brasil Energia’s dividend payout ratio (DPR) is presently 25.00%.

About Engie Brasil Energia

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.