Eiffage SA (OTCMKTS:EFGSY) Sees Large Growth in Short Interest

Eiffage SA (OTCMKTS:EFGSY) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,142 shares, an increase of 492.8% from the January 15th total of 530 shares. Based on an average daily volume of 3,104 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 3,104 shares, the short-interest ratio is currently 1.0 days.

Eiffage Trading Up 2.6%

Shares of EFGSY opened at $32.94 on Thursday. Eiffage has a one year low of $17.60 and a one year high of $33.06. The company has a 50-day moving average of $29.19 and a two-hundred day moving average of $27.30.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an “overweight” rating on shares of Eiffage in a research report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Eiffage Company Profile

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.