Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Short Interest Update

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 5,590,000 shares, a growth of 10.5% from the December 15th total of 5,060,000 shares. Based on an average daily volume of 1,450,000 shares, the short-interest ratio is presently 3.9 days.

Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 7.0% in the 2nd quarter. American Century Companies Inc. now owns 395,550 shares of the utilities provider’s stock worth $2,543,000 after buying an additional 26,010 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 2nd quarter worth $386,000. Thrivent Financial for Lutherans grew its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 36.7% in the second quarter. Thrivent Financial for Lutherans now owns 362,019 shares of the utilities provider’s stock worth $2,328,000 after purchasing an additional 97,166 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the second quarter valued at $938,000. Finally, AQR Capital Management LLC raised its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 14.2% during the second quarter. AQR Capital Management LLC now owns 71,414 shares of the utilities provider’s stock valued at $459,000 after purchasing an additional 8,878 shares in the last quarter. 2.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EBR. StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th. Hsbc Global Res raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a report on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

NYSE EBR traded up $0.07 during trading hours on Monday, reaching $5.79. The company’s stock had a trading volume of 1,452,317 shares, compared to its average volume of 1,921,075. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. The business has a 50-day simple moving average of $5.88 and a 200 day simple moving average of $6.65. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52 week low of $5.45 and a 52 week high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 30th will be paid a dividend of $0.1414 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a yield of 1%.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.