Empresa Distribuidora Y Comercializadora shares had a trading volume of 90K by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 77.86% over the normal average daily volume.
Investors are feeling more bearish on the company lately if you watch the uptick in short interest. The stock recorded a rise in short interest of 82.07% as of the latest report on October 31, 2017. Short shares grew 30,594 over that period. Days to cover decreased from 1.0 to 1.0 and the percentage of shorted shares is 0.00% as of October 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (EDN). As of quarter end Dorsey Wright & Associates had bought a total of 30,827 shares growing its position 48.1%. The value of the investment in (EDN) increased from $2,043,000 to $3,771,000 a change of $1,728,000 since the last quarter. As of the end of the quarter Wells Fargo & Company/mn had acquired 35 shares growing its holdings by 4.7%. The value of the company’s investment in Empresa Distribuidora Y Comercializadora went from $24,000 to $31,000 a change of 29.2% for the reporting period.
Wellington Management Group Llp trimmed its holdings by selling 29,760 shares a decrease of 71.8% from 06/30/2017 to 09/30/2017. Wellington Management Group Llp now controls 11,700 shares valued at $465,000. The value of the position overall is down by 64.9%. As of the end of the quarter Ubs Asset Management Americas Inc had disposed of 6,547 shares trimming its stake by 45.9%. The value of the investment in EDN went from $455,309,000 to $307,109,000 decreasing 32.5% quarter to quarter.
In the market the company is trading down by 1.39% percent from yesterday’s close. The P/E ratio is currently 24.08 and the market cap of the company is 886.66M. In the latest earnings report the EPS was $1.68 with 434.42M shares outstanding.
Empresa Distribuidora y Comercializadora Norte S.A., launched on August 3, 1992, is a public service company. The Company is involved in electricity distribution in Argentina. The Company holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires. The Company has the right to distribute electricity within its concession area for a period of approximately 95 years. The Business’s concession area of approximately 4,637 square kilometers is divided into three operating territories: Region I, which consists of over 251 square kilometers; Region II, which consists of approximately 1,761 square kilometers, and Region III, which consists of over 2,625 square kilometers. The Business’s Region I operating territory includes Ciudad de Buenos Aires, San Isidro, Vicente Lopez, San Martin and Tres de Febrero districts. Its Region II operating territory includes La Matanza, Moron, Hurlingham, Ituzaingo, Merlo, Marcos Paz and Gral. Las Heras districts. Its Region III operating territory includes Pilar, Escobar, Tigre, San Fernando, San Miguel, Malvinas Argentinas, Jose C. Paz, Moreno and Gral. Rodriguez districts. The Company serves residential and small commercial customers, medium commercial customers, industrial customers and public lighting customers..