Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Short Interest Up 34.4% in August

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 90,600 shares, a growth of 34.4% from the August 15th total of 67,400 shares. Based on an average daily volume of 57,400 shares, the short-interest ratio is currently 1.6 days.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 0.3 %

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock traded up $0.07 during trading on Monday, reaching $24.63. 59,532 shares of the company were exchanged, compared to its average volume of 75,247. The business has a 50-day moving average price of $17.76 and a 200-day moving average price of $17.43. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 3.88 and a beta of 1.40. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 0.09. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a twelve month low of $10.06 and a twelve month high of $25.52.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $1.51. The company had revenue of $551.43 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 31.06% and a net margin of 17.06%. During the same quarter in the previous year, the firm posted ($0.48) earnings per share. Sell-side analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Large investors have recently bought and sold shares of the company. Helikon Investments Ltd grew its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 10.1% in the fourth quarter. Helikon Investments Ltd now owns 299,317 shares of the utilities provider’s stock valued at $5,798,000 after acquiring an additional 27,578 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 2,976 shares in the last quarter. Finally, Ping Capital Management Inc. bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter valued at about $941,000. Institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.