Short Interest in CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF) Increases By 459.6%

by · The Cerbat Gem

CTT – Correios De Portugal, S.A. (OTCMKTS:CTTOF – Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 8,405 shares, a growth of 459.6% from the April 30th total of 1,502 shares. Based on an average daily volume of 73 shares, the short-interest ratio is currently 115.1 days.

CTT – Correios De Portugal Stock Performance

Shares of CTTOF stock remained flat at $7.00 during trading hours on Friday. CTT – Correios De Portugal has a fifty-two week low of $6.90 and a fifty-two week high of $9.40. The firm’s 50-day moving average is $7.21 and its two-hundred day moving average is $7.98.

About CTT – Correios De Portugal

(Get Free Report)

CTT – Correios de Portugal, SA is the national postal operator of Portugal, offering a comprehensive range of mail and parcel delivery services to individual and corporate customers. The company’s core activities include the collection, sorting and distribution of letters, direct mail and parcels both domestically and through an extensive international network. CTT also provides express courier solutions, specialized logistics for e-commerce, and value-added services such as registered mail and postal insurance.

In addition to its traditional postal operations, CTT has expanded into financial services under the brand “Banco CTT,” offering savings accounts, payment cards, transfers and money-remittance services.

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