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

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,600,000 shares, a drop of 14.0% from the February 28th total of 1,860,000 shares. Based on an average trading volume of 1,460,000 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 1,528 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 3,870 shares during the last quarter. Barclays PLC increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 301.9% in the fourth quarter. Barclays PLC now owns 10,047 shares of the utilities provider’s stock worth $57,000 after buying an additional 7,547 shares during the period. Two Sigma Advisers LP bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter worth $62,000. Finally, First Trust Advisors LP purchased a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter valued at about $81,000. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

EBR traded up $0.23 during trading on Thursday, reaching $7.35. 889,839 shares of the company were exchanged, compared to its average volume of 1,178,403. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12-month low of $5.45 and a 12-month high of $8.41. The company’s 50-day moving average is $6.64 and its two-hundred day moving average is $6.44. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 4.35 and a beta of 1.00.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last issued its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $10.17 billion. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. Research analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current fiscal year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

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.