Equatorial Energia S.A. (OTCMKTS:EQUEY) Stock Short Interest Jumps 1,534.9%

Equatorial Energia S.A. (OTCMKTS:EQUEY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,060 shares, an increase of 1,534.9% from the September 30th total of 126 shares. Based on an average trading volume of 4,275 shares, the days-to-cover ratio is currently 0.5 days.

Equatorial Energia Stock Performance

EQUEY remained flat at $6.62 during trading on Wednesday. 10,524 shares of the company traded hands, compared to its average volume of 4,580. The stock has a 50-day moving average price of $8.04 and a 200-day moving average price of $7.89. Equatorial Energia has a 52 week low of $6.21 and a 52 week high of $9.87.

About Equatorial Energia

Equatorial Energia SA is a Brazilian utility company engaged primarily in the distribution of electric power. Through regulated concessionaires, the company serves residential, commercial and industrial customers across several Brazilian states, including Maranhão, Pará, Piauí, Alagoas, Amapá, Goiás and Rio Grande do Sul.

The company’s operations include electricity distribution, power generation and transmission, as well as related infrastructure and utility services. Equatorial has also expanded into the sanitation sector, providing water and wastewater services through its regulated concessions.