Short Interest in CPFL Energia S.A. (CPL) Decreases By 69.8%

CPFL Energia S.A. (NYSE:CPL) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 158,753 shares, a decline of 69.8% from the November 30th total of 525,727 shares. Based on an average daily volume of 406,132 shares, the days-to-cover ratio is currently 0.4 days.

Separately, ValuEngine raised shares of CPFL Energia from a “hold” rating to a “buy” rating in a research note on Monday, December 11th.

CPFL Energia (CPL) opened at $11.71 on Thursday. CPFL Energia has a one year low of $10.63 and a one year high of $17.69. The firm has a market cap of $5,853.01, a PE ratio of 22.09 and a beta of 1.32. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.30.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in CPFL Energia by 14.1% in the 2nd quarter. Vanguard Group Inc. now owns 865,510 shares of the utilities provider’s stock valued at $13,805,000 after purchasing an additional 106,648 shares during the last quarter. Northern Trust Corp raised its stake in CPFL Energia by 22.9% in the 2nd quarter. Northern Trust Corp now owns 150,844 shares of the utilities provider’s stock valued at $2,405,000 after purchasing an additional 28,148 shares during the last quarter. State Street Corp raised its stake in CPFL Energia by 25.6% in the 2nd quarter. State Street Corp now owns 377,294 shares of the utilities provider’s stock valued at $6,016,000 after purchasing an additional 76,904 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of CPFL Energia during the 3rd quarter valued at about $462,000. Finally, Citadel Advisors LLC acquired a new position in shares of CPFL Energia during the 3rd quarter valued at about $811,000. 1.75% of the stock is owned by hedge funds and other institutional investors.

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About CPFL Energia

CPFL Energia SA is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. Its segments include Distribution, Conventional Generation Sources, Renewable Energy Generation, Commercialization and Services.

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