17.96% Less Comp EN DE MN Cemig Ads American Depositary Shares (NYSE:CIG) Short Interest

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

It was reported a decrease on Comp EN DE MN Cemig Ads American Depositary Shares (NYSE:CIG)’s short interest with 17.96%. FINRA issued in January CIG’s total 10.41 million short interest. The 12.69M previous shares are down with 17.96%. With Average volume 4.19M, CIG’s previous position will take 3 days to recover. Comp EN DE MN Cemig Ads American Depositary Shares float short is 1.04%.

Ticker’s shares touched $3.705 during the last trading session after 0.94% change.Companhia Energética de Minas Gerais has volume of 249,979 shares. Since January 14, 2018 CIG has risen 49.33% and is uptrending. CIG outperformed by 49.33% the S&P 500.

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil.The firm is worth $5.61 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 17.39. 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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