Engie Brasil Energia S.A. (OTCMKTS:EGIEY) Sees Significant Growth in Short Interest

Engie Brasil Energia S.A. (OTCMKTS:EGIEY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 21,900 shares, an increase of 1,268.8% from the September 30th total of 1,600 shares. Based on an average daily trading volume, of 21,100 shares, the days-to-cover ratio is currently 1.0 days.

Engie Brasil Energia Stock Down 1.0 %

Engie Brasil Energia stock opened at $7.00 on Friday. Engie Brasil Energia has a 52 week low of $7.00 and a 52 week high of $9.62. The business has a 50-day simple moving average of $7.82 and a 200 day simple moving average of $8.06. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.19 and a current ratio of 1.19.

Engie Brasil Energia (OTCMKTS:EGIEY) last posted its earnings results on Thursday, August 8th. The company reported $0.20 EPS for the quarter. Engie Brasil Energia had a return on equity of 31.69% and a net margin of 41.21%. The business had revenue of $537.54 million during the quarter. As a group, sell-side analysts predict that Engie Brasil Energia will post 0.52 EPS for the current fiscal year.

About Engie Brasil Energia

Engie Brasil Energia SA, together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants.