Equatorial Energia S.A. (OTCMKTS:EQUEY) Short Interest Down 23.5% in December
by Mitch Edgeman · The Markets DailyEquatorial Energia S.A. (OTCMKTS:EQUEY – Get Free Report) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,797 shares, a decline of 23.5% from the November 30th total of 2,348 shares. Based on an average trading volume of 1,418 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 1,418 shares, the short-interest ratio is presently 1.3 days.
Equatorial Energia Stock Performance
Shares of Equatorial Energia stock opened at $7.03 on Thursday. The business has a 50 day moving average price of $7.03 and a 200 day moving average price of $6.74. Equatorial Energia has a 1 year low of $4.03 and a 1 year high of $7.79.
About Equatorial Energia
Equatorial Energia SA, trading on the OTC market under the symbol EQUEY, is a Brazilian energy holding company headquartered in São Luís, Maranhão. Founded in 1998, the company has grown through strategic acquisitions and concession awards to become one of the leading electricity distributors in northern Brazil. Its core business encompasses the distribution of electric power, which represents the bulk of its operations.
Equatorial’s distribution network serves over eight million customers across eight Brazilian states, including Maranhão, Pará, Piauí and Amazonas.