Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Short Interest Update

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 256,807 shares, an increase of 23.5% from the January 15th total of 207,869 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 139,358 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 139,358 shares, the short-interest ratio is presently 1.8 days. Currently, 0.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.00.

Institutional Investors Weigh In On Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp raised its holdings in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 54.8% in the 4th quarter. Van ECK Associates Corp now owns 1,037 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 367 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 55.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,556 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 556 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the second quarter valued at approximately $320,000. Millennium Management LLC acquired a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the fourth quarter valued at about $366,000. Finally, Jane Street Group LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 2nd quarter worth about $455,000. Institutional investors and hedge funds own 1.64% of the company’s stock.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Down 0.7%

Shares of EDN stock opened at $27.51 on Thursday. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12 month low of $14.38 and a 12 month high of $40.00. The firm has a market cap of $1.25 billion, a PE ratio of 6.58 and a beta of 1.75. The stock has a 50 day moving average of $29.58 and a 200-day moving average of $26.47. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 0.27.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last released its quarterly earnings data on Friday, November 7th. The utilities provider reported $0.67 earnings per share for the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 11.33% and a net margin of 7.82%.The company had revenue of $536.96 million for the quarter. On average, equities analysts predict that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 EPS for the current year.

About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Empresa Distribuidora y Comercializadora Norte SA (Edenor) is Argentina’s largest electricity distribution company by customer base and network extension. Established in 1992 as part of the country’s energy sector privatization, Edenor holds the exclusive concession to distribute and sell electricity in the northern and northwestern areas of Greater Buenos Aires. The company’s shares are listed on the New York Stock Exchange under the ticker symbol EDN, reflecting its role as a key participant in Argentina’s regulated power market.

Edenor’s primary business activity is the purchase of high-voltage electricity from generators and its subsequent transformation, distribution and retail sale to end users.