Centrais Eletricas Brasileiras SA (NYSE:EBR) was the target of a significant decrease in short interest in December. As of December 29th, there was short interest totalling 573,777 shares, a decrease of 43.2% from the December 15th total of 1,010,040 shares. Based on an average daily volume of 327,903 shares, the short-interest ratio is presently 1.7 days.
Centrais Eletricas Brasileiras (NYSE:EBR) traded up $0.04 on Wednesday, reaching $6.63. The company had a trading volume of 246,794 shares, compared to its average volume of 426,739. Centrais Eletricas Brasileiras has a 12-month low of $3.49 and a 12-month high of $7.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.14.
Centrais Eletricas Brasileiras (NYSE:EBR) last released its quarterly earnings data on Tuesday, November 14th. The utilities provider reported $0.12 EPS for the quarter. Centrais Eletricas Brasileiras had a negative return on equity of 8.73% and a negative net margin of 9.94%. The firm had revenue of $2.81 billion for the quarter.
Separately, Santander lowered Centrais Eletricas Brasileiras from a “hold” rating to an “underweight” rating in a research report on Friday, December 15th.
A hedge fund recently bought a new stake in Centrais Eletricas Brasileiras stock. Pinebridge Investments L.P. purchased a new position in shares of Centrais Eletricas Brasileiras SA (NYSE:EBR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,061 shares of the utilities provider’s stock, valued at approximately $348,000. 0.75% of the stock is owned by hedge funds and other institutional investors.
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About Centrais Eletricas Brasileiras
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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