November 30, 2016 - By Darrin Black · 0 Comments
The stock of Cpfl Energia SA (NYSE:CPL) registered a decrease of 43.36% in short interest. CPL’s total short interest was 586,300 shares in November as published by FINRA. Its down 43.36% from 1.04M shares, reported previously. With 209,200 shares average volume, it will take short sellers 3 days to cover their CPL’s short positions. The short interest to Cpfl Energia SA’s float is 0.17%. About 45 shares traded hands. CPFL Energia S.A. (ADR) (NYSE:CPL) has risen 28.41% since April 27, 2016 and is uptrending. It has outperformed by 23.18% the S&P500.
CPFL Energia S.A. is a holding company. The company has a market cap of $7.33 billion. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. It has a 23.45 P/E ratio. The Company’s divisions include Distribution, Conventional Generation Sources, Renewable Generation Sources, Commercialization, Services and Other.
CPFL Energia S.A., incorporated 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 Company’s divisions include Distribution, Conventional Generation Sources, Renewable Generation Sources, Commercialization, Services and Other. The Firm distributes over 40,160 Gigawatt Hour (GWh) of electricity to approximately 7.8 million clients in Brazil. Through its interest in CPFL Energias Renovaveis S.A. (CPFL Renovaveis), the Company is also involved in the building of Small Hydroelectric Power Plants (SHPPs) and wind farms. The Firm is also engaged in power commercialization, buying and selling electricity to power producers, Free Consumers and power trading companies. It also provides agency services to Free Consumers before the Camara de Comercializacao de Energia Eletrica (CCEE) and other agents, as well as electricity related services.
More notable recent CPFL Energia S.A. (ADR) (NYSE:CPL) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Marketwatch.com with their article: “Virtual Stock Exchange” published on December 21, 2009, Benzinga.com published: “Top Performing Industries For November 28, 2016” on November 28, 2016. More interesting news about CPFL Energia S.A. (ADR) (NYSE:CPL) were released by: Benzinga.com and their article: “Worst Performing Industries For November 10, 2016” published on November 10, 2016 as well as Fool.com‘s news article titled: “Long-Term Opportunities in Brazilian Electric Utililites: Should You Buy?” with publication date: February 11, 2014.
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By Darrin Black