Companhia Paranaense de Energia (NYSE:ELPC) Short Interest Update

Companhia Paranaense de Energia (NYSE:ELPC) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 12,800 shares, a growth of 6.7% from the September 30th total of 12,000 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda lifted its position in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 458,294 shares of the company’s stock after acquiring an additional 8,417 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 as of its most recent SEC filing.

Companhia Paranaense de Energia Price Performance

Companhia Paranaense de Energia stock traded down $0.26 during midday trading on Friday, hitting $5.71. 4,812 shares of the company’s stock were exchanged, compared to its average volume of 39,669. The stock has a 50-day moving average price of $6.54 and a two-hundred day moving average price of $6.43. Companhia Paranaense de Energia has a 52-week low of $5.67 and a 52-week high of $8.25.

Companhia Paranaense de Energia (NYSE:ELPC) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $1.05 billion for the quarter.

Companhia Paranaense de Energia Announces Dividend

The business also recently declared a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be paid a $0.0641 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd.

Companhia Paranaense de Energia Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services segments.