Short Interest in Companhia Paranaense de Energia – COPEL (NYSE:ELP) Declines By 36.2%

Companhia Paranaense de Energia – COPEL (NYSE:ELP) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 370,000 shares, a decrease of 36.2% from the January 31st total of 580,300 shares. Based on an average trading volume of 293,300 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ELP. Robeco Institutional Asset Management B.V. lifted its position in Companhia Paranaense de Energia – COPEL by 20.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider’s stock worth $11,532,000 after purchasing an additional 258,198 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 176.6% during the fourth quarter. Two Sigma Investments LP now owns 288,065 shares of the utilities provider’s stock valued at $1,708,000 after acquiring an additional 183,936 shares during the period. Jane Street Group LLC lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 456.9% during the third quarter. Jane Street Group LLC now owns 209,228 shares of the utilities provider’s stock valued at $1,557,000 after acquiring an additional 171,658 shares during the period. Marshall Wace LLP lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 1,056.3% during the fourth quarter. Marshall Wace LLP now owns 139,551 shares of the utilities provider’s stock valued at $828,000 after acquiring an additional 127,482 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 59.9% during the fourth quarter. Millennium Management LLC now owns 297,678 shares of the utilities provider’s stock valued at $1,765,000 after acquiring an additional 111,570 shares during the period. 3.80% of the stock is owned by institutional investors.

Companhia Paranaense de Energia – COPEL Stock Performance

ELP stock traded up $0.05 during midday trading on Tuesday, hitting $6.66. The stock had a trading volume of 289,574 shares, compared to its average volume of 271,731. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 9.93 and a beta of 1.00. Companhia Paranaense de Energia – COPEL has a 52 week low of $5.72 and a 52 week high of $8.30. The stock has a 50-day simple moving average of $6.46 and a 200 day simple moving average of $6.80. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its earnings results on Friday, February 28th. The utilities provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.23). The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $657.55 million. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. As a group, equities research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current year.

Companhia Paranaense de Energia – COPEL 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, Power Sale, and Gas segments.