CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Short Interest Down 27.3% in January

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 73,439 shares, a drop of 27.3% from the January 15th total of 100,995 shares. Based on an average daily volume of 4,020 shares, the days-to-cover ratio is presently 18.3 days. Based on an average daily volume of 4,020 shares, the days-to-cover ratio is presently 18.3 days.

CTT – Correios De Portugal Stock Performance

CTTOF opened at $8.69 on Friday. The company has a fifty day simple moving average of $8.42 and a 200 day simple moving average of $8.39. CTT – Correios De Portugal has a 12 month low of $6.42 and a 12 month high of $9.40.

CTT – Correios De Portugal Company Profile

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.