Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sees Significant Increase in Short Interest

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDNGet Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 33,300 shares, a growth of 236.4% from the November 30th total of 9,900 shares. Based on an average daily volume of 65,600 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth $1,179,000. Autonomy Capital Jersey L.P. acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at approximately $78,000. Helikon Investments Ltd boosted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 133.1% during the third quarter. Helikon Investments Ltd now owns 271,739 shares of the utilities provider’s stock valued at $3,261,000 after purchasing an additional 155,145 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 14.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,529 shares of the utilities provider’s stock valued at $894,000 after buying an additional 9,263 shares during the period. Finally, Islet Management LP bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the second quarter valued at approximately $386,000.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

Shares of NYSE:EDN traded up $0.28 during trading on Thursday, hitting $19.49. 26,997 shares of the stock were exchanged, compared to its average volume of 51,590. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1-year low of $6.52 and a 1-year high of $21.80. The company has a market capitalization of $883.29 million, a price-to-earnings ratio of 4.73 and a beta of 1.31. The company’s fifty day simple moving average is $14.85 and its 200-day simple moving average is $14.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 0.93.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDNGet Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $5.68 EPS for the quarter, beating the consensus estimate of $5.05 by $0.63. The business had revenue of $452.01 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 20.81% and a net margin of 10.29%. Sell-side analysts expect that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -7.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EDN shares. TheStreet upgraded Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “d+” rating to a “c” rating in a research report on Friday, December 8th. StockNews.com raised Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th.

Read Our Latest Stock Report on EDN

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

(Get Free Report)

Featured Stories

Receive News & Ratings for Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empresa Distribuidora y Comercializadora Norte Sociedad Anónima and related companies with MarketBeat.com's FREE daily email newsletter.