Short Interest in Companhia Paranaense de Energia – COPEL (NYSE:ELP) Declines By 8.4%

Companhia Paranaense de Energia – COPEL (NYSE:ELP) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 340,100 shares, a drop of 8.4% from the October 15th total of 371,100 shares. Based on an average daily volume of 262,800 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the company’s shares are short sold.

Companhia Paranaense de Energia – COPEL Stock Up 0.8 %

NYSE:ELP traded up $0.05 during trading hours on Monday, hitting $6.60. The company had a trading volume of 194,828 shares, compared to its average volume of 299,955. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45. The stock has a 50-day moving average price of $7.11 and a 200 day moving average price of $7.21. Companhia Paranaense de Energia – COPEL has a 52 week low of $6.36 and a 52 week high of $8.91.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share for the quarter. The company had revenue of $1.03 billion for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. Equities analysts anticipate 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 business also recently announced a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.0705 per share. The ex-dividend date is Wednesday, October 2nd.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

Large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Companhia Paranaense de Energia – COPEL during the third quarter valued at about $34,000. GAMMA Investing LLC lifted its position in shares of Companhia Paranaense de Energia – COPEL by 61.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock valued at $40,000 after buying an additional 2,043 shares in the last quarter. Signaturefd LLC grew its stake in shares of Companhia Paranaense de Energia – COPEL by 41.1% during the 2nd 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 period. Blue Trust Inc. increased its holdings in Companhia Paranaense de Energia – COPEL by 205.3% in the 2nd quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 11,922 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in Companhia Paranaense de Energia – COPEL by 16.6% during the 3rd quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 2,441 shares during the period. 3.80% of the stock is currently 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.