Short Interest in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Grows By 15.3%

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 56,400 shares, an increase of 15.3% from the May 15th total of 48,900 shares. Based on an average daily trading volume, of 102,500 shares, the short-interest ratio is currently 0.6 days.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

Shares of EDN opened at $16.25 on Tuesday. The company has a market capitalization of $736.45 million, a P/E ratio of 2.56 and a beta of 1.51. The company has a quick ratio of 0.67, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $17.59 and a 200 day moving average of $18.03. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a twelve month low of $10.06 and a twelve month high of $21.80.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last issued its earnings results on Friday, May 10th. The utilities provider reported $1.39 earnings per share (EPS) for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 14.11% and a return on equity of 25.90%. The company had revenue of $331.11 million for the quarter. As a group, equities research analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EDN. BNP Paribas Financial Markets raised its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 2,976 shares in the last quarter. Autonomy Capital Jersey L.P. bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth about $78,000. Citigroup Inc. bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth about $1,179,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider’s stock worth $2,093,000 after purchasing an additional 33,510 shares during the last quarter. Finally, Helikon Investments Ltd grew its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 10.1% during the 4th quarter. Helikon Investments Ltd now owns 299,317 shares of the utilities provider’s stock worth $5,798,000 after acquiring an additional 27,578 shares in the last quarter. 1.64% of the stock is owned by hedge funds and other institutional investors.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.