Centrais Eletricas Brasileiras SA (NYSE:EBR) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 1,010,040 shares, a growth of 64.0% from the November 30th total of 615,797 shares. Based on an average daily volume of 632,518 shares, the short-interest ratio is currently 1.6 days.
Separately, Santander downgraded Centrais Eletricas Brasileiras from a “hold” rating to an “underweight” rating in a research note on Friday, December 15th.
Shares of Centrais Eletricas Brasileiras (EBR) opened at $5.74 on Thursday. Centrais Eletricas Brasileiras has a one year low of $3.49 and a one year high of $7.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.10 and a current ratio of 1.14. The firm has a market capitalization of $7,709.18, a PE ratio of -6.24 and a beta of 1.23.
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About Centrais Eletricas Brasileiras
Centrais Eletricas Brasileiras SA (Eletrobras) is a power generation company. The Company operates in the generation, transmission, distribution and trading segments. The Company operates through various companies, including Eletrobras holding, CGTEE, Chesf, Eletronorte, Eletronuclear, Eletrosul, Furnas, Amazonas Energia, Distribuicao Acre, Distribuicao Alagoas, Distribuicao Piaui, Distribuicao Rondonia, Distribuicao Roraima and half the capital of Itaipu Binacional.
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