CEMIG (NYSE:CIG) Short Interest Update

CEMIG (NYSE:CIG) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 3,270,000 shares, a growth of 13.5% from the June 30th total of 2,880,000 shares. Based on an average daily volume of 1,850,000 shares, the days-to-cover ratio is presently 1.8 days.

CEMIG Price Performance

NYSE:CIG traded up $0.07 during trading hours on Monday, hitting $1.93. The stock had a trading volume of 2,538,359 shares, compared to its average volume of 2,597,867. The company has a 50 day simple moving average of $1.89 and a two-hundred day simple moving average of $1.86. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 4.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. CEMIG has a one year low of $1.62 and a one year high of $2.12.

CEMIG (NYSE:CIG) last posted its earnings results on Tuesday, April 30th. The utilities provider reported $0.13 EPS for the quarter. The business had revenue of $2.01 billion during the quarter. CEMIG had a return on equity of 22.54% and a net margin of 14.81%. Research analysts forecast that CEMIG will post 0.22 earnings per share for the current fiscal year.

CEMIG Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 1st. Investors of record on Monday, July 1st were given a $0.0275 dividend. This is a boost from CEMIG’s previous dividend of $0.03. The ex-dividend date of this dividend was Monday, July 1st. CEMIG’s dividend payout ratio is 42.50%.

CEMIG Company Profile

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.