CPFL Energia S.A. (NYSE:CPL) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 158,753 shares, a decline of 69.8% from the November 30th total of 525,727 shares. Based on an average daily volume of 406,132 shares, the days-to-cover ratio is currently 0.4 days.
Separately, ValuEngine raised shares of CPFL Energia from a “hold” rating to a “buy” rating in a research note on Monday, December 11th.
CPFL Energia (CPL) opened at $11.71 on Thursday. CPFL Energia has a one year low of $10.63 and a one year high of $17.69. The firm has a market cap of $5,853.01, a PE ratio of 22.09 and a beta of 1.32. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.30.
COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2018/01/04/short-interest-in-cpfl-energia-s-a-cpl-decreases-by-69-8.html.
About CPFL Energia
CPFL Energia SA is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. Its segments include Distribution, Conventional Generation Sources, Renewable Energy Generation, Commercialization and Services.
Receive News & Ratings for CPFL Energia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPFL Energia and related companies with MarketBeat.com's FREE daily email newsletter.