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Shares of Companhia Energetica Minas Gerais (NYSE:CIG) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 17,257,178 shares, a decline of 17.3% from the July 15th total of 20,868,812 shares, Analyst Ratings Network.com reports. Based on an average daily volume of 4,304,855 shares, the short-interest ratio is currently 4.0 days. Currently, 0.0% of the shares of the stock are short sold.

Companhia Energetica Minas Gerais (NYSE:CIG) opened at 8.63 on Monday. Companhia Energetica Minas Gerais has a 52-week low of $5.23 and a 52-week high of $9.02. The stock’s 50-day moving average is $8.39 and its 200-day moving average is $7.15. The company has a market cap of $10.859 billion and a price-to-earnings ratio of 6.66.

Companhia Energetica de Minas Gerais Cemig is a Brazil-based holding company primarily engaged in the electricity sector.

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