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

Eiffage SA (OTCMKTS:EFGSY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,667 shares, a growth of 7,147.8% from the June 15th total of 23 shares. Based on an average daily volume of 3,726 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Eiffage Price Performance

EFGSY traded up $0.68 during trading hours on Friday, reaching $28.24. 3,833 shares of the stock traded hands, compared to its average volume of 2,337. The firm’s fifty day simple moving average is $29.90 and its two-hundred day simple moving average is $30.73. The company has a market cap of $13.84 billion and a price-to-earnings ratio of 56.03. Eiffage has a fifty-two week low of $23.65 and a fifty-two week high of $35.58.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Zacks Research upgraded Eiffage from a “hold” rating to a “strong-buy” rating in a research note on Monday. Morgan Stanley reiterated an “overweight” rating on shares of Eiffage in a report on Friday. Finally, The Goldman Sachs Group lowered Eiffage from a “buy” rating to a “neutral” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

About Eiffage

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.