Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Short Interest Update

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBRGet Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,060,000 shares, a growth of 15.1% from the February 29th total of 1,790,000 shares. Based on an average trading volume of 745,200 shares, the short-interest ratio is presently 2.8 days.

Institutional Trading of Centrais Elétricas Brasileiras S.A. – Eletrobrás

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpine Global Management LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the third quarter worth about $249,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 35.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 28,699 shares of the utilities provider’s stock worth $210,000 after purchasing an additional 7,537 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 102.2% in the third quarter. Itau Unibanco Holding S.A. now owns 1,101,685 shares of the utilities provider’s stock valued at $8,053,000 after purchasing an additional 556,886 shares during the last quarter. Schechter Investment Advisors LLC acquired a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 3rd quarter worth about $77,000. Finally, Citigroup Inc. raised its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 81.4% during the 3rd quarter. Citigroup Inc. now owns 13,672 shares of the utilities provider’s stock valued at $100,000 after buying an additional 6,135 shares during the last quarter. Institutional investors and hedge funds own 6.54% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás stock traded down $0.04 during midday trading on Tuesday, hitting $8.10. The company had a trading volume of 838,502 shares, compared to its average volume of 777,997. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12-month low of $6.45 and a 12-month high of $9.11. The company has a fifty day simple moving average of $8.56 and a 200 day simple moving average of $8.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.75 and a current ratio of 1.76.

Analysts Set New Price Targets

Separately, StockNews.com raised Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th.

Check Out Our Latest Research Report on EBR

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

(Get Free Report)

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. It owned and operated 32 hydroelectric plants; As of December 31, 2022, it operated 32 hydroelectric plants; five thermal plants, including coal and gas power generation units with a total installed capacity of 1,482 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.

Further Reading

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