CPFL Energia S.A. CPFL Energia (NYSE:CPL) Short interest grew by 42.25% – Shares Trading Down


Short traders are feeling a little more bearish of late if you look at the increase in short interest. The firm experienced a rise in short interest of 42.25% as of September 29, 2017 from the last reporting period. Short shares increased from 190,528 to 271,023 over that timeframe. With short interest at 271,023 and short average daily volume at 234,518, days to cover is 1.0 and the percentage of shorted shares was 0.00% on September 29.

These firms have modified their investment in CPL. As of the end of the quarter Cowen Group, Inc. had bought 87,900 shares growing its stake by 29.3%. The value of the investment in CPL increased from $4,917,000 to $6,187,000 a change of $1,270,000 since the last quarter. Bronfman E.l. Rothschild, L.p. grew its investment by buying 8 shares an increase of 53.3% as of 06/30/2017. Bronfman E.l. Rothschild, L.p. now controls 23 shares worth $0. The value of the position overall is down by nan%.

Ubs Group Ag expanded its ownership by buying 1,420 shares an increase of 20.5% in the quarter. Ubs Group Ag now holds 8,362 shares with a value of $133,000. The total value of its holdings increased 16.7%. As of quarter end Jane Street Group, LLC had disposed of a total of 9,106 shares trimming its holdings by 27.1%. The value in dollars went from $551,000 to $391,000 decreasing 29.0% quarter over quarter.

The company is so far trading down since yesterday’s close of 17.22. It is trading at $17.15 which is marginally lower than the 50 day moving average which is $17.25 and which is just over the 200 day moving average of $16.63. The 50 day moving average was down $-0.10 or -0.59% whereas the 200 day average was up by +3.14%.

The most current P/E ratio is 37.45 and the market cap is 8.73B.

CPFL Energia S.A., launched on March 20, 1998, is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. The Business’s segments include Distribution, Conventional Generation Sources, Renewable Energy Generation, Commercialization and Services. The Company has operation in the States of Sao Paulo, Rio Grande do Sul, Parana and Minas Gerais, and various industrial centers in Brazil..