Companhia Paranaense de Energia – COPEL (NYSE:ELP) Sees Large Increase in Short Interest

Companhia Paranaense de Energia – COPEL (NYSE:ELP) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 360,300 shares, an increase of 42.1% from the September 15th total of 253,600 shares. Based on an average daily trading volume, of 221,700 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.4% of the company’s shares are short sold.

Companhia Paranaense de Energia – COPEL Stock Up 2.0 %

NYSE:ELP opened at $7.22 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.55 and a current ratio of 1.57. The firm has a fifty day simple moving average of $7.53 and a two-hundred day simple moving average of $7.32. Companhia Paranaense de Energia – COPEL has a 12 month low of $6.24 and a 12 month high of $8.91.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.03 earnings per share for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.87% and a return on equity of 9.07%. The firm had revenue of $1.05 billion for the quarter. As a group, sell-side analysts expect that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.0705 per share. The ex-dividend date of this dividend is Wednesday, October 2nd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Tidal Investments LLC boosted its stake in Companhia Paranaense de Energia – COPEL by 2.4% in the first quarter. Tidal Investments LLC now owns 59,189 shares of the utilities provider’s stock valued at $457,000 after acquiring an additional 1,398 shares during the last quarter. GAMMA Investing LLC boosted its stake in Companhia Paranaense de Energia – COPEL by 61.2% in the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 2,043 shares during the last quarter. Signaturefd LLC boosted its stake in Companhia Paranaense de Energia – COPEL by 41.1% in the second quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock valued at $77,000 after acquiring an additional 3,341 shares during the last quarter. Creekmur Asset Management LLC purchased a new position in Companhia Paranaense de Energia – COPEL in the fourth quarter valued at about $33,000. Finally, Ballentine Partners LLC boosted its stake in Companhia Paranaense de Energia – COPEL by 28.0% in the first quarter. Ballentine Partners LLC now owns 18,243 shares of the utilities provider’s stock valued at $141,000 after acquiring an additional 3,987 shares during the last quarter. 3.80% of the stock is owned by institutional investors.

Companhia Paranaense de Energia – COPEL 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, Power Sale, and Gas segments.