American Noble Gas Inc. (NYSE:INFY) Short Interest Update

American Noble Gas Inc. (NYSE:INFY) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 152,911,096 shares, a growth of 26.2% from the February 12th total of 121,181,609 shares. Currently, 4.9% of the company’s stock are sold short. Based on an average trading volume of 20,619,212 shares, the short-interest ratio is presently 7.4 days. Based on an average trading volume of 20,619,212 shares, the short-interest ratio is presently 7.4 days. Currently, 4.9% of the company’s stock are sold short.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INFY. BMO Capital Markets raised their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, January 15th. Stifel Nicolaus reduced their target price on shares of American Noble Gas from $19.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Jefferies Financial Group downgraded shares of American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 target price for the company. in a research report on Monday, February 23rd. TD Cowen lifted their price target on shares of American Noble Gas from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.89.

Institutional Trading of American Noble Gas

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of American Noble Gas by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after acquiring an additional 3,804 shares during the period. NewEdge Advisors LLC raised its holdings in shares of American Noble Gas by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after purchasing an additional 24,426 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of American Noble Gas in the 1st quarter valued at about $239,000. Institutional investors and hedge funds own 16.20% of the company’s stock.

American Noble Gas Trading Down 0.0%

Shares of NYSE:INFY traded down $0.01 during trading on Monday, hitting $13.27. 22,522,924 shares of the company were exchanged, compared to its average volume of 16,581,526. American Noble Gas has a fifty-two week low of $13.15 and a fifty-two week high of $30.00. The stock has a market cap of $53.67 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.98 and a beta of 1.01. The firm has a fifty day moving average price of $16.18 and a two-hundred day moving average price of $16.86.

American Noble Gas (NYSE:INFY) last released its quarterly earnings data on Wednesday, January 14th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. American Noble Gas had a return on equity of 30.60% and a net margin of 16.16%.The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.11 billion. As a group, research analysts predict that American Noble Gas will post 0.74 EPS for the current year.

American Noble Gas Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.