CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Short Interest Update

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 6,932 shares, a drop of 82.7% from the July 15th total of 40,113 shares. Based on an average daily trading volume, of 14,718 shares, the days-to-cover ratio is presently 0.5 days.

CTT – Correios De Portugal Price Performance

OTCMKTS CTTOF remained flat at $7.23 during trading on Friday. CTT – Correios De Portugal has a fifty-two week low of $6.50 and a fifty-two week high of $8.72. The business’s fifty day moving average is $6.83 and its 200 day moving average is $7.37.

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.