ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Sees Large Decline in Short Interest
by Renee Jackson · The Cerbat GemENGIE – Sponsored ADR (OTCMKTS:ENGIY – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 42,561 shares, a decline of 62.9% from the April 30th total of 114,641 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 248,104 shares, the short-interest ratio is presently 0.2 days.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ENGIY. JPMorgan Chase & Co. lowered shares of ENGIE from an “overweight” rating to a “neutral” rating in a report on Thursday, February 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Citigroup restated a “buy” rating on shares of ENGIE in a research report on Friday, April 17th. Kepler Capital Markets raised shares of ENGIE to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Zacks Research raised shares of ENGIE from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on ENGIY
ENGIE Stock Up 0.2%
Shares of ENGIY stock traded up $0.07 during trading hours on Monday, hitting $30.99. 179,342 shares of the company were exchanged, compared to its average volume of 190,550. The business has a 50 day moving average of $32.51 and a two-hundred day moving average of $29.75. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06. ENGIE has a 52 week low of $20.18 and a 52 week high of $35.16.
ENGIE Company Profile
ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.
The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.