CPFL Energia SA (NYSE:CPL) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 586,277 shares, a decline of 43.4% from the October 14th total of 1,035,109 shares. Based on an average daily trading volume, of 209,244 shares, the short-interest ratio is currently 2.8 days.

Shares of CPFL Energia SA (NYSE:CPL) opened at 14.23 on Thursday. The firm’s 50-day moving average price is $14.83 and its 200-day moving average price is $13.56. CPFL Energia SA has a one year low of $6.38 and a one year high of $15.61. The stock has a market capitalization of $7.24 billion, a P/E ratio of 23.88 and a beta of 1.46.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of CPFL Energia SA by 752.0% in the third quarter. BNP Paribas Arbitrage SA now owns 7,063 shares of the company’s stock worth $105,000 after buying an additional 6,234 shares in the last quarter. Quantum Capital Management purchased a new position in shares of CPFL Energia SA during the first quarter valued at $111,000. Whittier Trust Co. raised its position in shares of CPFL Energia SA by 2.5% in the second quarter. Whittier Trust Co. now owns 9,973 shares of the company’s stock valued at $128,000 after buying an additional 240 shares during the period. Jefferies Group LLC purchased a new position in shares of CPFL Energia SA during the second quarter valued at $160,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of CPFL Energia SA during the second quarter valued at $165,000. 1.53% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research raised CPFL Energia SA from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st.

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CPFL Energia SA Company Profile

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 Generation Sources, Commercialization, Services and Other.

5 Day Chart for NYSE:CPL

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