Short Interest in Energys Group Ltd (NASDAQ:ENGS) Expands By 319.3%

Energys Group Ltd (NASDAQ:ENGS) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 612,376 shares, an increase of 319.3% from the August 15th total of 146,053 shares. Approximately 4.3% of the shares of the company are sold short. Based on an average daily volume of 1,215,003 shares, the days-to-cover ratio is presently 0.5 days.

Energys Group Price Performance

Shares of ENGS opened at $2.92 on Friday. The company’s 50-day moving average is $2.77 and its 200-day moving average is $1.88. Energys Group has a fifty-two week low of $0.57 and a fifty-two week high of $12.48.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ENGS shares. Wall Street Zen upgraded Energys Group from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energys Group in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus 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.