Short Interest in CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Rises By 24.7%

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 100,997 shares, a growth of 24.7% from the December 15th total of 80,997 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

CTT – Correios De Portugal Price Performance

Shares of CTTOF opened at $8.55 on Monday. The company has a 50 day moving average of $8.43 and a 200-day moving average of $8.48. CTT – Correios De Portugal has a twelve month low of $4.57 and a twelve month high of $9.40.

About CTT – Correios De Portugal

CTT – Correios de Portugal, SA is the national postal operator of Portugal, offering a comprehensive range of mail and parcel delivery services to individual and corporate customers. The company’s core activities include the collection, sorting and distribution of letters, direct mail and parcels both domestically and through an extensive international network. CTT also provides express courier solutions, specialized logistics for e-commerce, and value-added services such as registered mail and postal insurance.

In addition to its traditional postal operations, CTT has expanded into financial services under the brand “Banco CTT,” offering savings accounts, payment cards, transfers and money-remittance services.