Short Interest in Centrais Eletricas Brasileiras SA (NYSE:EBR) Rises By 64.0%

Centrais Eletricas Brasileiras SA (NYSE:EBR) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,010,040 shares, a growth of 64.0% from the November 30th total of 615,797 shares. Based on an average daily volume of 632,518 shares, the days-to-cover ratio is currently 1.6 days.

Shares of Centrais Eletricas Brasileiras (NYSE:EBR) traded up $0.25 during trading on Wednesday, hitting $6.45. 410,025 shares of the company were exchanged, compared to its average volume of 443,192. The company has a quick ratio of 1.10, a current ratio of 1.14 and a debt-to-equity ratio of 0.88. Centrais Eletricas Brasileiras has a 1-year low of $3.49 and a 1-year high of $7.38.

Centrais Eletricas Brasileiras (NYSE:EBR) last announced its earnings results on Tuesday, November 14th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. Centrais Eletricas Brasileiras had a negative net margin of 9.94% and a negative return on equity of 8.73%.

An institutional investor recently bought a new position in Centrais Eletricas Brasileiras stock. Bienville Capital Management LLC acquired a new stake in Centrais Eletricas Brasileiras SA (NYSE:EBR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 89,106 shares of the utilities provider’s stock, valued at approximately $552,000. Institutional investors own 0.75% of the company’s stock.

Separately, Santander cut shares of Centrais Eletricas Brasileiras from a “hold” rating to an “underweight” rating in a research report on Friday, December 15th.

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Centrais Eletricas Brasileiras Company Profile

Centrais Eletricas Brasileiras SA (Eletrobras) is a power generation company. The Company operates in the generation, transmission, distribution and trading segments. The Company operates through various companies, including Eletrobras holding, CGTEE, Chesf, Eletronorte, Eletronuclear, Eletrosul, Furnas, Amazonas Energia, Distribuicao Acre, Distribuicao Alagoas, Distribuicao Piaui, Distribuicao Rondonia, Distribuicao Roraima and half the capital of Itaipu Binacional.

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