Energys Group Ltd (NASDAQ:ENGS) Sees Large Decline in Short Interest

Energys Group Ltd (NASDAQ:ENGS) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 146,053 shares, a drop of 55.7% from the July 30th total of 329,760 shares. Based on an average trading volume of 1,454,711 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.0% of the shares of the company are sold short.

Energys Group Price Performance

NASDAQ ENGS remained flat at $2.59 during midday trading on Friday. The company’s stock had a trading volume of 4,321,216 shares, compared to its average volume of 1,153,272. The business has a fifty day moving average of $2.71 and a 200-day moving average of $1.75. Energys Group has a 52-week low of $0.57 and a 52-week high of $12.48.

Energys Group (NASDAQ:ENGS) last released its earnings results on Tuesday, June 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $2.09 million during the quarter.

Analysts Set New Price Targets

ENGS has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energys Group in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of Energys Group from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Energys Group presently has an average rating of “Sell”.

Energys Group Company Profile

We are an energy service company based in the United Kingdom with over 23 years of experience in deploying energy-saving technologies and services. We principally provide end-to-end customized solutions and services that involve retrofitting existing infrastructures to help public and private organizations reduce their CO2 emissions and save money. Our headquarters is located in the United Kingdom. We also have offices located in Hong Kong from which EGL(HK) conducts research and development and GAI and NVL engage in the procurement of lighting and other products, which are then sold to ECSL, our United Kingdom Operating Subsidiary.