63.15% More Comp EN DE MN Cemig Ads American Depositary Shares (NYSE:CIG) Shorted Shares

April 20, 2018 - By Jane Lemasters

Companhia Energética de Minas Gerais (NYSE:CIG) Corporate Logo

Change of 63.15% for Comp EN DE MN Cemig Ads American Depositary Shares (NYSE:CIG)’s short interest was reported. It was announced in April by FINRA the 7.11 million short interest on CIG. The up change of 63.15% from 4.36M shares was reported. 2 days will cost CIG With 3.09 million average volume to recover its former position. Comp EN DE MN Cemig Ads American Depositary Shares float short is 0.75%.

Ticker’s shares touched $2.435 during the last trading session after 2.21% change.Currently Companhia Energética de Minas Gerais is downtrending after 22.96% change in last April 20, 2017. CIG has also 642,236 shares volume. CIG underperformed by 34.51% the S&P500.

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil.The firm is worth $3.16 billion. The firm generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.The P/E ratio is 11.94. As of December 31, 2016, it operated hydroelectric plants, thermoelectric plants, and solar plants with a total installed capacity of approximately 8,000 megawatts in 10 states of Brazil.

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