ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Update

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 96,148 shares, an increase of 891.7% from the June 30th total of 9,695 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 284,919 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Citigroup restated a “buy” rating on shares of ENGIE in a report on Friday, April 17th. Sanford C. Bernstein cut ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Barclays reiterated an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Finally, Zacks Research lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, ENGIE currently has a consensus rating of “Moderate Buy”.

ENGIE Stock Performance

OTCMKTS ENGIY opened at $31.90 on Monday. ENGIE has a twelve month low of $20.18 and a twelve month high of $35.16. The firm has a 50-day simple moving average of $31.17 and a 200 day simple moving average of $31.30. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06.

About ENGIE

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.