Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Short Interest Update

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 90,600 shares, an increase of 34.4% from the August 15th total of 67,400 shares. Based on an average daily volume of 57,400 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock valued at $56,000 after buying an additional 2,976 shares in the last quarter. Ping Capital Management Inc. acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter worth about $941,000. Finally, Helikon Investments Ltd lifted 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 valued at $5,798,000 after purchasing an additional 27,578 shares during the last quarter. 1.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

Shares of EDN traded down $0.04 during trading hours on Monday, reaching $24.52. 115,505 shares of the company traded hands, compared to its average volume of 75,561. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.63 and a current ratio of 0.76. The stock’s fifty day moving average is $17.76 and its 200 day moving average is $17.43. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1-year low of $10.06 and a 1-year high of $25.52. The stock has a market cap of $1.11 billion, a P/E ratio of 3.88 and a beta of 1.40.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $1.46 EPS for the quarter, topping the consensus estimate of ($0.05) by $1.51. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 31.06% and a net margin of 17.06%. The firm had revenue of $551.43 million during the quarter. During the same period last year, the business earned ($0.48) earnings per share. Equities research analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -2.33 earnings per share for the current fiscal year.

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.