Is Buying EQUATORIAL ENER ADR (OTCMKTS:EQUEY), Having Higher Short Interest a Winning Strategy?

September 13, 2017 - By Louis Casey

The stock of EQUATORIAL ENER ADR (OTCMKTS:EQUEY) registered an increase of 42.42% in short interest. EQUEY’s total short interest was 9,400 shares in September as published by FINRA. Its up 42.42% from 6,600 shares, reported previously. With 800 shares average volume, it will take short sellers 12 days to cover their EQUEY’s short positions.

The stock increased 6.14% or $1.27 on September 13, reaching $22. About 338 shares traded. Equatorial Energia SA (ADR) (OTCMKTS:EQUEY) has 0.00% since September 13, 2016 and is . It has underperformed by 16.70% the S&P500.

Equatorial Energia SA is a Brazil firm engaged in the energy sector. The company has market cap of $4.12 billion. The Firm holds equity interest in other companies, all in the electric energy industry, mainly with activities related to generation or distribution of electric energy. It currently has negative earnings. The Company’s activities are divided into four divisions: Distribution, responsible for energy distribution in the state of Maranhao and Para, Brazil; Generation, generating electricity through thermoelectric plants; Services / Sale, offering trading electricity, billing services, as well as maintenance of electrical installations, among others; and Central Management, including corporate and administration operations.

More notable recent Equatorial Energia SA (ADR) (OTCMKTS:EQUEY) news were published by: which released: “Equatorial Energia SA approves dividend payment, updates on own capital interest payment” on April 18, 2016, also with their article: “6.83” published on November 06, 2010, published: “ARX Investimentos LTDA funds reach 4.96 percent stake in Equatorial Energia SA” on October 01, 2015. More interesting news about Equatorial Energia SA (ADR) (OTCMKTS:EQUEY) were released by: and their article: “17.33” published on December 21, 2009 as well as‘s news article titled: “SQUADRA INVESTIMENTOS – GESTAO DE RECURSOS LTDA reaches 15.7 percent stake in Equatorial Energia SA” with publication date: September 24, 2015.

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