Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Short Interest Up 10.5% in December

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 5,590,000 shares, a growth of 10.5% from the December 15th total of 5,060,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the short-interest ratio is currently 3.9 days.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 1.1 %

Shares of NYSE:EBR traded up $0.07 during trading on Monday, reaching $5.79. 1,452,317 shares of the company’s stock traded hands, compared to its average volume of 1,921,075. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a fifty-two week low of $5.45 and a fifty-two week high of $9.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. The company has a 50-day simple moving average of $5.88 and a 200-day simple moving average of $6.65.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th will be given a dividend of $0.1414 per share. This represents a dividend yield of 1%. The ex-dividend date is Monday, December 30th.

Analyst Upgrades and Downgrades

EBR has been the subject of a number of recent research reports. Hsbc Global Res upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research note on Tuesday, October 15th. StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock worth $68,000 after buying an additional 1,685 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the 3rd quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock worth $93,000 after buying an additional 2,642 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the 3rd quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock worth $260,000 after buying an additional 3,934 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock worth $157,000 after buying an additional 5,089 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the 3rd quarter. Natixis Advisors LLC now owns 50,727 shares of the utilities provider’s stock worth $367,000 after buying an additional 5,552 shares during the last quarter. 2.64% of the stock is currently owned by institutional investors and hedge funds.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.