ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Down 66.8% in June

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 9,695 shares, a decline of 66.8% from the June 15th total of 29,233 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 274,070 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Several equities analysts have commented on ENGIY shares. Kepler Capital Markets upgraded ENGIE to a “strong-buy” rating in a research report on Thursday, March 19th. Zacks Research raised ENGIE from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Barclays reiterated an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Finally, Sanford C. Bernstein lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

ENGIE Price Performance

Shares of OTCMKTS:ENGIY opened at $30.87 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06. ENGIE has a 12-month low of $20.18 and a 12-month high of $35.16. The business has a fifty day simple moving average of $31.39 and a 200 day simple moving average of $30.96.

ENGIE Company Profile

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.