Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Short Interest Up 15.1% in March

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBRGet Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,060,000 shares, an increase of 15.1% from the February 29th total of 1,790,000 shares. Based on an average trading volume of 745,200 shares, the short-interest ratio is presently 2.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th.

Read Our Latest Stock Report on Centrais Elétricas Brasileiras S.A. – Eletrobrás

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Down 0.5 %

NYSE EBR traded down $0.04 during trading on Tuesday, reaching $8.10. The company’s stock had a trading volume of 838,502 shares, compared to its average volume of 777,997. The business has a 50-day moving average price of $8.56 and a 200-day moving average price of $8.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.75. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $6.45 and a 1-year high of $9.11.

Institutional Trading of Centrais Elétricas Brasileiras S.A. – Eletrobrás

A number of hedge funds have recently modified their holdings of the company. Sivia Capital Partners LLC acquired a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter valued at $98,000. Prelude Capital Management LLC bought a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter valued at about $138,000. Profund Advisors LLC grew its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 9.4% in the fourth quarter. Profund Advisors LLC now owns 55,237 shares of the utilities provider’s stock valued at $476,000 after acquiring an additional 4,749 shares during the last quarter. Citadel Advisors LLC grew its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 66.8% in the fourth quarter. Citadel Advisors LLC now owns 337,768 shares of the utilities provider’s stock valued at $2,912,000 after acquiring an additional 135,324 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter valued at about $635,000. 6.54% of the stock is currently owned by institutional investors and hedge funds.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

(Get Free Report)

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. It owned and operated 32 hydroelectric plants; As of December 31, 2022, it operated 32 hydroelectric plants; five thermal plants, including coal and gas power generation units with a total installed capacity of 1,482 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.

Read More

Receive News & Ratings for Centrais Elétricas Brasileiras S.A. - Eletrobrás Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrais Elétricas Brasileiras S.A. - Eletrobrás and related companies with MarketBeat.com's FREE daily email newsletter.