Is Buying ABOITIZ POWER CORP ORDINARY SHARES PHI (OTCMKTS:ABZPF), Having Lower Short Interest a Winning Strategy?

The stock of ABOITIZ POWER CORP ORDINARY SHARES PHI (OTCMKTS:ABZPF) registered a decrease of 4.55% in short interest. ABZPF’s total short interest was 2,100 shares in September as published by FINRA. Its down 4.55% from 2,200 shares, reported previously. With 100 shares average volume, it will take short sellers 21 days to cover their ABZPF’s short positions.

It closed at $0.69 lastly. It is up 0.00% since September 12, 2018 and is . It has by 0.00% the S&P500.

Aboitiz Power Corporation engages in the power generation, distribution, and retail business in the Philippines. The company has market cap of $5.36 billion. The firm operates hydropower, geothermal, solar, biomass, oil, and coal power plants. It has a 12.78 P/E ratio. It generates and sells electricity through bilateral contracts with private distribution utilities, electric cooperatives, National Power Corporation, and industrial and commercial companies.

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