Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Short Interest Up 8.7% in September

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 82,700 shares, an increase of 8.7% from the September 15th total of 76,100 shares. Based on an average daily volume of 73,500 shares, the days-to-cover ratio is currently 1.1 days.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

EDN stock traded up $0.57 during trading on Thursday, hitting $23.19. 73,422 shares of the company’s stock traded hands, compared to its average volume of 78,224. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 52 week low of $10.06 and a 52 week high of $25.71. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 3.71 and a beta of 1.39. The business has a fifty day simple moving average of $21.02 and a 200 day simple moving average of $18.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.63 and a current ratio of 0.76.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $1.51. The firm had revenue of $551.43 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 17.06% and a return on equity of 31.06%. During the same period in the previous year, the business posted ($0.48) EPS. As a group, research analysts expect that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 0.05 EPS for the current fiscal year.

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

Several institutional investors have recently modified their holdings of EDN. Ping Capital Management Inc. purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter worth approximately $941,000. Helikon Investments Ltd lifted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.5% in the second quarter. Helikon Investments Ltd now owns 502,260 shares of the utilities provider’s stock worth $8,232,000 after buying an additional 157,042 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock worth $56,000 after buying an additional 2,976 shares during the period. 1.64% of the stock is owned by institutional investors.

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.