ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Up 156.7% in August

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 82,022 shares, a growth of 156.7% from the July 30th total of 31,951 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 281,389 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ENGIY. Zacks Research downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Barclays restated an “overweight” rating on shares of ENGIE in a research report on Thursday, June 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ENGIE Stock Performance

ENGIY opened at $28.08 on Friday. ENGIE has a twelve month low of $20.18 and a twelve month high of $35.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.03 and a current ratio of 1.08. The company has a 50-day moving average price of $30.55 and a 200 day moving average price of $31.54.

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.