Short Interest in Companhia Paranaense de Energia (NYSE:ELPC) Increases By 6.7%

Companhia Paranaense de Energia (NYSE:ELPC) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 12,800 shares, a growth of 6.7% from the September 30th total of 12,000 shares. Based on an average daily trading volume, of 7,800 shares, the short-interest ratio is presently 1.6 days.

Companhia Paranaense de Energia Price Performance

NYSE ELPC traded down $0.26 during mid-day trading on Friday, reaching $5.71. The stock had a trading volume of 4,812 shares, compared to its average volume of 39,669. Companhia Paranaense de Energia has a 1 year low of $5.67 and a 1 year high of $8.25. The company has a fifty day moving average price of $6.54 and a 200 day moving average price of $6.43.

Companhia Paranaense de Energia (NYSE:ELPC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $1.05 billion for the quarter.

Companhia Paranaense de Energia Dividend Announcement

The business also recently announced a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be issued a $0.0641 dividend. The ex-dividend date is Wednesday, October 2nd.

Institutional Investors Weigh In On Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its holdings in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 458,294 shares of the company’s stock after buying an additional 8,417 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 at the end of the most recent reporting period.

Companhia Paranaense de Energia 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, GAS, Power Sale, and Holding and Services segments.