Short Interest in EDP Renováveis, S.A. (OTCMKTS:EDRVF) Rises By 20.0%

EDP Renováveis, S.A. (OTCMKTS:EDRVF) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 472,500 shares, a growth of 20.0% from the December 15th total of 393,700 shares. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is presently 27.6 days.

EDP Renováveis Price Performance

EDRVF stock remained flat at $9.67 during trading on Friday. The business’s 50 day simple moving average is $10.62 and its 200 day simple moving average is $13.74. EDP Renováveis has a 12 month low of $9.22 and a 12 month high of $17.62.

About EDP Renováveis

EDP Renováveis, SA, a renewable energy company, plans, constructs, operates, and maintains electricity power stations. The company operates wind and solar farms. As of December 31, 2023, it had an installed capacity of 6,891 megawatts in the United States; 2,042 megawatts in Spain; 1,413 megawatts in Portugal; 1,165 megawatts in Brazil; 798 megawatts in Poland; 521 megawatts in Romania; 496 megawatts in Mexico; 427 megawatts in Canada; 412 megawatts in Italy; 402 megawatts in Vietnam; 315 megawatts in Singapore; 244 megawatts in France; 123 megawatts in China; 83 megawatts in Chile; 80 megawatts in Greece; 43 megawatts in Taiwan; 11 megawatts in Belgium; 9 megawatts in the Netherlands; 7 megawatts in Thailand; and 5 megawatts in the United Kingdom.