Comp En De Mn Cemig ADS (NYSE:CIG) Short Interest Up 303.9% in July

Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 5,210,000 shares, agrowthof303.9% from the July 15th total of 1,290,000 shares. Approximately0.2% of the company's stock are sold short. Based on an average daily trading volume, of 2,880,000 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 2,880,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately0.2% of the company's stock are sold short. Comp En De Mn Cemig ADS Price PerformanceShares of CIG stock remained flat at $1.95 during trading hours on Friday. The stock had a trading volume of 3,230,894 shares, compared to its average volume of 2,983,467. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 4.20 and a beta of 1.03. Comp En De Mn Cemig ADS has a 1-year low of $1.59 and a 1-year high of $2.19. The stock has a fifty day moving average price of $1.90 and a 200 day moving average price of $1.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.06.Institutional Investors Weigh In On Comp En De Mn Cemig ADSSeveral large investors have recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Comp En De Mn Cemig ADS by 29.1% in the second quarter. American Century Companies Inc. now owns 3,769,024 shares of the utilities provider's stock valued at $7,387,000 after acquiring an additional 850,358 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Comp En De Mn Cemig ADS by 2,157.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,331,902 shares of the utilities provider's stock worth $4,571,000 after purchasing an additional 2,228,591 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Comp En De Mn Cemig ADS by 3.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,251,276 shares of the utilities provider's stock worth $4,413,000 after purchasing an additional 81,679 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Comp En De Mn Cemig ADS by 19.5% during the second quarter. Hsbc Holdings PLC now owns 843,882 shares of the utilities provider's stock worth $1,654,000 after purchasing an additional 137,938 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Comp En De Mn Cemig ADS by 24.6% during the second quarter. Guggenheim Capital LLC now owns 608,450 shares of the utilities provider's stock worth $1,193,000 after purchasing an additional 120,147 shares during the last quarter. Comp En De Mn Cemig ADS Company Profile (Get Free Report)Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.See AlsoFive stocks we like better than Comp En De Mn Cemig ADSConsumer Discretionary Stocks Explained3 Restaurant Stocks That Will Outperform in Q3 and Q4The 3 Best Fintech Stocks to Buy NowThe Midstream Energy Play That Keeps Powering HigherHow to Invest in Blue Chip StocksEthereum Near All-Time High: 3 Stocks Stacking ETH in TreasuriesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Comp En De Mn Cemig ADS Right Now?Before you consider Comp En De Mn Cemig ADS, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comp En De Mn Cemig ADS wasn't on the list.While Comp En De Mn Cemig ADS currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here