Fri Sep 20 07:38:57 UTC 2024: ## Correios De Portugal (CTTOF) Sees Short Interest Decline in August

**New York, NY – September 20, 2024** – Correios De Portugal, S.A. (OTCMKTS:CTTOF), a Portuguese postal service provider, experienced a decline in short interest during August. According to data released today, short interest decreased by 6.0% to 50,400 shares as of August 31st, down from 53,600 shares on August 15th. The days-to-cover ratio currently stands at 72.0 days based on an average daily volume of 700 shares.

CTTOF opened at $4.97 on Friday. The stock has traded within a range of $3.55 to $5.00 over the past twelve months. The company’s 50-day moving average is $4.64, while its 200-day moving average is $4.59.

This decline in short interest suggests that investors are becoming more optimistic about the future prospects of Correios De Portugal. The company’s recent performance, coupled with this positive market sentiment, may indicate a favorable outlook for CTTOF.

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