Company shares last traded at $2.37 barely below $2.60, the 50 day moving average and slightly below the 200 day moving average of $2.59. The 50 day moving average was down by -8.85% and the 200 day average went down $-0.22 or -8.62%. 5,245K shares changed hands in the last trading session. Volume was up 58.53% over the stocks average daily volume.
Traders are more bearish on the company recently if you take into consideration the rise in short interest. The firm realized a rise in short interest between September 29, 2017 and October 13, 2017 of 32.42%. Short shares grew from 3,925,337 to 5,198,099 over that period. Days to cover increased 1.0 to 2.0 and the percentage of shorted shares was 0.00% on October 13.
These funds have shifted positions in (CIG). Creative Planning reduced its position by selling 6,000 shares a decrease of 25.4% in the quarter. Creative Planning now controls 17,633 shares valued at $44,000. The value of the position overall is down by 22.8%. Bank Of Montreal /can/ expanded its stake by buying 2,358 shares an increase of 601.5%. Bank Of Montreal /can/ owns 2,750 shares with a value of $7,000. The total value of its holdings increased 600.0%.
First Trust Advisors Lp bolstered its investment by buying 40,955 shares an increase of 111.4% as of 09/30/2017. First Trust Advisors Lp currently owns 77,735 shares worth $193,000. The value of the position overall is up by 119.3%. Aperio Group, LLC divested its holdings by selling 35,010 shares a decrease of 10.6% from 06/30/2017 to 09/30/2017. Aperio Group, LLC controls 294,591 shares valued at $731,000. The total value of its holdings decreased 7.6%.
In the market the company is trading unchanged by % percent from yesterday’s close. Additionally Comp En De Mn Cemig ADS America announced a dividend which was paid on Monday July 10th, 2017. The dividend was $0.020 per share for the quarter or $0.08 annualized. The dividend yield was $3.13. The ex-dividend date was Monday the 15th of May 2017.
The P/E ratio is 17.30 and the market cap of the company is 2.98B. As of the last earnings report the EPS was $0.14 and is estimated to be $0.21 for the current year with 1,258,280,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.04 and the next full year EPS is projected to be $0.31.
Companhia Energetica de Minas Gerais-CEMIG, launched on May 22, 1952, is a holding company that is involved in the generation, transmission and distribution of electricity. The Business’s segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is involved in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation..