Traders are a little more bearish on Empresa Distribuidora Y Comercializadora lately if you put credence in the uptick in short interest. The stock realized a rise in short interest of 82.07% as of October 31, 2017 from the last reporting period. Short interest increased from 37,279 to 67,873 over that timeframe. Days to cover decreased 0.0 to 1.0 and the percentage of shorted shares was 0.00% on October 31.
The following firms have recently changed their position in EDN. Dorsey Wright & Associates augmented its ownership by buying 30,827 shares an increase of 48.1% from 06/30/2017 to 09/30/2017. Dorsey Wright & Associates currently owns 94,856 shares worth $3,771,000. The total value of its holdings increased 84.6%. Wells Fargo & Company/mn bolstered its investment by buying 35 shares an increase of 4.7%. Wells Fargo & Company/mn owns 781 shares valued at $31,000. The value of the position overall is up by 29.2%.
As of quarter end Wellington Management Group Llp had disposed of a total of 29,760 shares trimming its holdings by 71.8%. The value of the total investment in Empresa Distribuidora Y Comercializadora decreased from $1,323,000 to $465,000 decreasing 64.9% quarter over quarter. As of the end of the quarter Ubs Asset Management Americas Inc had sold 6,547 shares trimming its position 45.9%. The value of the company’s investment in Empresa Distribuidora Y Comercializadora went from $455,309,000 to $307,109,000 a change of $148,200,000 quarter to quarter.
The company is so far trading up by 6.20% since yesterday’s close of 40.95. Empresa Distribuidora Y Comercializadora currently has a P/E ratio of 25.94 and the market value is 954.95M. 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..